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Overview. The World Trade Organization — the WTO — is the international organization whose primary purpose is to open trade for the benefit of all. The WTO in Brief. A starting point for essential information about the WTO. About the WTO — ‘Understanding the WTO’. An introduction, in more depth, to the WTO and its agreements.
- What We Do
What We Do - What is the WTO? - World Trade Organization
- Who We Are
Who We Are - What is the WTO? - World Trade Organization
- Overview
Overview - What is the WTO? - World Trade Organization
- History of The Multilateral Trading System
History of The Multilateral Trading System - What is the...
- 10 Things The WTO Can Do
10 Things The WTO Can Do - What is the WTO? - World Trade...
- The WTO in Brief
The WTO in Brief - What is the WTO? - World Trade...
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News - What is the WTO? - World Trade Organization
- What We Do
- What Is The World Trade Organization (WTO)?
- Understanding The World Trade Organization
- Advantages and Disadvantages of The WTO
Created in 1995, the World Trade Organization (WTO) is an international institution that oversees the rules for global trade among nations. It superseded the 1947 General Agreement on Tariffs and Trade(GATT) created in the wake of World War II. The WTO is based on agreements signed by a majority of the world’s trading nations. The main function of ...
The WTO is essentially an alternative dispute or mediation entitythat upholds the international rules of trade among nations. The organization provides a platform that allows member governments to negotiate and resolve trade issues with other members. The WTO’s main focus is to provide open lines of communication concerning trade among its members....
The history of international trade has been a battle between protectionism and free trade, and the WTO has fueled globalization, with both positive and adverse effects. The organization’s efforts have increased global tradeexpansion. There are side effects to globalization, including a negative impact on local communities and human rights. Proponen...
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 .
The WTO has six key objectives: (1) to set and enforce rules for international trade, (2) to provide a forum for negotiating and monitoring further trade liberalization, (3) to resolve trade disputes, (4) to increase the transparency of decision-making processes, (5) to cooperate with other major international economic institutions involved in ...
- Kym Anderson
Apr 14, 2024 · Purpose and Functions. By. Reem Heakal. Updated April 14, 2024. Reviewed by. Michelle P. Scott. The World Trade Organization (WTO) is a global organization made up of 164 member countries...
Apr 25, 2023 · What does the WTO do? The World Trade Organization (WTO) is an international institution created in 1995. The WTO regulates trade between nations. A replacement for the 1947 General Agreement on Tariffs and Trade (GATT), the WTO manages the rules of international trade. The WTO seeks to ensure fair and equitable treatment for its 164 members by ...
The WTO’s main aim is to promote free trade by lowering tariffs and other barriers. It does this through agreements negotiated and signed by most of the world’s trading nations. The WTO then polices these agreements to make sure all nations stick to the rules.
