World Trade Organization
World Trade Organization
The World Trade Organization (WTO) is an international organization that deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible.
History[edit]
The WTO was established on January 1, 1995, succeeding the General Agreement on Tariffs and Trade (GATT) that was created in 1948. The WTO is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible.
Functions[edit]
The WTO has several key functions, including: administering WTO trade agreements, providing a forum for trade negotiations, handling trade disputes, monitoring national trade policies, providing technical assistance and training for developing countries, and cooperating with other international organizations.
Structure[edit]
The WTO has a complex structure, consisting of a Ministerial Conference, a General Council, a Dispute Settlement Body, and a Trade Policy Review Body. The organization is run by its member governments, with decisions made by consensus.
Membership[edit]
As of 2021, the WTO has 164 members, representing more than 98% of global trade. Membership in the WTO provides nations with a formal mechanism for influencing the rules of international trade.
Criticism and controversies[edit]
The WTO has been the subject of numerous criticisms and controversies, including concerns about the impact of trade liberalization on developing countries, the lack of transparency in WTO decision-making, and the influence of powerful nations in shaping WTO policies.
See also[edit]
| International trade | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Trade Organizations | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
This trade organizations related article is a stub.
|
| Trade disputes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
This trade disputes-related article is a stub.
|
 | This medical article is a stub. You can help WikiMD by expanding the page. |
-
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization -
World Trade Organization
.svg){kind=small}
.jpg)
.jpg)
.jpg)
Medical Disclaimer: WikiMD is for informational purposes only and is not a substitute for professional medical advice. Content may be inaccurate or outdated and should not be used for diagnosis or treatment. Always consult your healthcare provider for medical decisions. Verify information with trusted sources such as CDC.gov and NIH.gov. By using this site, you agree that WikiMD is not liable for any outcomes related to its content. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates, categories Wikipedia, licensed under CC BY SA or similar.
Translate this page: - East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
தமிழ்,
తెలుగు,
Urdu,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
বাংলা
European
español,
Deutsch,
français,
Greek,
português do Brasil,
polski,
română,
русский,
Nederlands,
norsk,
svenska,
suomi,
Italian
Middle Eastern & African
عربى,
Turkish,
Persian,
Hebrew,
Afrikaans,
isiZulu,
Kiswahili,
Other
Bulgarian,
Hungarian,
Czech,
Swedish,
മലയാളം,
मराठी,
ਪੰਜਾਬੀ,
ગુજરાતી,
Portuguese,
Ukrainian
