Fill in the blanks. WTO was started at the initiative of _____ countries. The aim of the WTO is to _____. WTO establishes rules regarding _____ for all countries, and sees that _____. In practice, trade between countries is not _____. Developing countries like India have _____, whereas developed countries, in many cases, have continued to provide protection to their producers.
developed; liberalise international trade; international trade; these rules are obeyed; fair; removed trade barriers
Explanation
The answers are derived directly from the provided text. The context states that the WTO was 'Started at the initiative of the developed countries' and its aim is to 'liberalise international trade'. It 'establishes rules regarding international trade' to ensure 'these rules are obeyed'. The text highlights that while the WTO is supposed to allow free trade, developed countries have 'unfairly retained trade barriers', implying that in practice, trade is not 'fair'. Finally, the text mentions that 'WTO rules have forced the developing countries to remove trade barriers'.
Solution Steps
Step 1: Identify the origin of WTO from the text: 'Started at the initiative of the developed countries'. First blank: 'developed'.
Step 2: Identify the aim of WTO from the text: 'aim is to liberalise international trade'. Second blank: 'liberalise international trade'.
Step 3: Identify the function of WTO from the text: 'establishes rules regarding international trade'. Third blank: 'international trade'.
Step 4: Identify the enforcement role of WTO from the text: 'sees that these rules are obeyed'. Fourth blank: 'these rules are obeyed'.
Step 5: Analyze the nature of trade practice from the text: 'developed countries have unfairly retained trade barriers' and 'Is this free and fair trade?'. Fifth blank: 'fair'.
Step 6: Identify the status of developing countries from the text: 'WTO rules have forced the developing countries to remove trade barriers'. Sixth blank: 'removed trade barriers'.