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- DictionaryWorld Trade Or·gan·i·za·tion/wərld trād ˌôrɡənəˈzāSHən/
- 1. an international body founded in 1995 to promote international trade and economic development by reducing tariffs and other restrictions.
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The WTO is the global organization that deals with the rules of trade between nations. It helps producers, exporters, and importers conduct their business, and settles trade disputes among its member governments.
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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 It superseded the 1947 General Agreement on Tariffs and Trade(GATT) created in the wake of World War II.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 WTO is an international institution that oversees the rules for global trade among nations and mediates disputes. It has 164 member countries and 25 observer countries and governments, and it aims to promote open and fair trade among its members.
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 .
- 1 January 1995; 28 years ago
- 164 members (160 UN member states, the European Union, Hong Kong, Macao, and Taiwan)
- Reduction of tariffs and other barriers to trade
3 days ago · The World Trade Organization (WTO) is an international organization established to supervise and liberalize world trade.
- Kym Anderson
Apr 14, 2024 · The WTO is a global organization that deals with the rules of trade between nations. It aims to ensure smooth, free and predictable trade among its 164 member countries, but also faces criticism and challenges.
Mar 4, 2021 · The WTO is a global group that promotes and manages free trade among its 164 member countries. It administers trade agreements, settles disputes, and negotiates new deals. Learn about its history, achievements, and challenges.
Dec 16, 2015 · The World Trade Organization (WTO) is an international agency with 162 member countries and its purpose is to promote international commerce. It has become closely associated with...
