ISLAMABAD. Sept 8: World Trade Organisation (WTO) replacing General Agreement on Tariffs and Trade (GATT) will cooperate with the IMF and the World Bank with a view to achieving greater coherence in global economic policy-making. reports AFP.

The exclusive aim of establishing WTO. successor organisation to the historic institution of GATT set up in 1948. Is to facilitate the Implementation and operation of all the agreements and legal Instruments negotiated in connection with the Uruguay Round.

The agreement setting up the WTO reiterated the objectives of the GATT, namely raising standards of living and in comes, ensuring full, employment. expanding production and trade, and optimum use of the world's resources.