Distinguish between the following: (ii) 'WTO' and 'UNCTAD'.

'WTO' and 'UNCTAD' The World Trade Organization (WTO) is an organisation for liberalizing and a forum for Governments to negotiate trade agreements and settlement of trade disputes with the help of a system of trade rules. WTO works through the agreements which are negotiated and signed by the bulk of the World's trading nations. UNCTAD was established to promote the development friendly integration of developing countries into the World economy. It functions as a forum for intergovernmental deliberations and aims to help shaping current policy debates and thinking on development with a particular focus on domestic policies and international action for bringing about sustainable development. It provides technical assistance tailored to the specific requirements of developing countries with special attention to the needs of the least developed countries and of economies in transition. Whereas, there is a strong participation of Non-Governmental stakeholders in UNCTAD, such a participation is limited in WTO.