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• To engage in such activities which improve the standards of living, create
employment, increase income and effective demand and facilitate higher
production and trade;

• To facilitate the optimal use of the world’s resources for sustainable
development; and

• To promote an integrated, more viable and durable trading system.

• Holding consultations with the IMF and the IBRD and its affiliated agencies
so as to bring better understanding and cooperation in global economic policy
making; and

• Supervising on a regular basis the operations of the revised Agreements and
Ministerial declarations relating to goods, services and Trade Related
Intellectual Property Benefits of WTO Since its inception in 1995, the WTO has
come a long way in constituting the legal and institutional foundation of the
present day multilateral trading system.

It has been instrumental not only in facilitating trade, but also in
improving living standards and cooperation among member countries.
Some of the major benefits of WTO are as follows:

• WTO helps promote international peace and facilitates international
business.
• All disputes between member nations are settled with mutual consultations.
• Rules make international trade and relations very smooth and predictable.
• Free trade improves the living standard of the people by increasing the
income level.
• Free trade provides ample scope of getting varieties of qualitative products.
• Economic growth has been fastened because of free trade.
• The system encourages good government.
• WTO helps fostering growth of developing countries by providing them with
special and preferential treatment in trade related matters Rights.