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The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.
The WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947 in the expectation that it would soon be replaced by a specialized agency of the United Nations (UN) to be called the International Trade Organization (ITO). Although the ITO never materialized, the GATT proved remarkably successful in ...
- Kym Anderson
The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland that regulates and facilitates international trade. Governments use the organization to establish, revise, and enforce the rules that govern international trade in cooperation with the United Nations System .
Learn how trade has evolved from ancient times to the present day, from the Silk Road to the WTO. Explore the milestones, achievements, challenges and controversies of the global trade rules and institutions.
World Trade Organization (WTO), International organization based in Geneva that supervises world trade. It was created in 1995 to replace the General Agreement on Tariffs and Trade (GATT). Like its predecessor, it aims to lower trade barriers and encourage multilateral trade.
Jun 5, 2022 · Learn about the WTO, an international institution that oversees the rules for global trade among nations. Find out how it was created, what it does, and how it affects the global economy.
Dec 7, 2013 · 7 December 2013. The World Trade Organization's director general is Roberto Azevedo of Brazil. A chronology of key events: 1947 October - 23 countries sign the General Agreement on Tariffs...
