As per Nov 2020, How many countries have membership in the World Trade Organisation?

Question

Question

This question was previously asked in

NTPC CBT-I (Held On: 4 Jan 2021 Shift 1)

Answer 1

The correct answer is 164.

Key Points

World Trade Organization (WTO) is an international organization dealing with the rules of trade between nations.
it operates a global system of trade rules and as a forum for negotiating trade agreements.
As of Nov 2020, WTO has 164 members representing 98% of world trade.
Afghanistan is the last country to join in WTO, joining effective 29 July 2016.
More than 20 countries are seeking to join the WTO.
A government has to bring its economic and trade policies in line with WTO rules and negotiate its terms of entry with the WTO membership.
World Trade Organisation was formed on 1 January 1995.
The Headquarters of the WTO is located in Geneva in Switzerland.
Ngozi Okonjo-Iweala is the current director-general of the World Trade Organisation.