1. The principle is beneficial for nations to have open competition and free trade in the global markets. 2. Law highlights the inefficiencies observed in trading partner nations and also facilitates keeping checks over domestic trade activities. 3. The WTO encourages in all trade activities to build strong and effective relations among trading partners or countries. 4. What are the main objectives of international trading policy? 5. Define import and export. 6. How can international trade be promoted, if we devise trade regulations and policies? 7. List the main principles of the WTO to promote a free multilateral trading system. 8. Describe the role of the WTO in the promotion of international trade. 9. International trading regulations and policies can prevent nations from what risks? 10. What are ways international trade promotion can ultimately help countries in accomplishing their established trade goals