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   What is the purpose of the World Trade Organization (WTO)?

   • The World Trade Organization is a global organization made up of 164 member countries that deals with the rules of trade between nations. The goal of the WTO is to ensure that trade flows as smoothly and predictably as possible. The WTO was born out of the General Agreement on Tariffs and Trade (GATT), which was established in 1947.

   What Is the World Trade Organization (WTO)? Purpose and Functions

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   What does WTO stand for?

   • 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 It superseded the 1947 General Agreement on Tariffs and Trade (GATT) created in the wake of World War II.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.

   World Trade Organization (WTO): What It Is and What It Does - Investo…

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   How does the WTO regulate trade?

   • 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 conducting negotiations, lowering trade barriers, and settling disputes.

   What Is the World Trade Organization? | CFR Education

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   What if a country is a member of the WTO?

   • Theoretically, if a country is a member of the WTO, its local laws cannot contradict WTO rules and regulations, which govern approximately 98% of all world trade as of 2023. The director-general of the World Trade Organization from March 2021 through August 2025 is Ngozi Okonjo-Iweala from Nigeria.

   What Is the World Trade Organization (WTO)? Purpose and Functions

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   How was the WTO created?

   • After World War II, countries tried to promote international economic cooperation by creating a global trade organization. Although that effort was unsuccessful, twenty-three countries ultimately signed the General Agreement on Tariffs and Trade (GATT) in 1947.

   What Is the World Trade Organization? | CFR Education

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   How does the WTO deal with trade disputes?

   • 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. When trade disputes between governments flare up, it steps in as mediator and, if necessary, arbitrator.

   The World Trade Organization. Here's what it actually does

   www.weforum.org/agenda/2016/12/world-trade-organization-wto-explained/

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2. www.investopedia.com › terms › wWorld Trade Organization (WTO): What It Is and What It Does

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   Jun 5, 2022 · The World Trade Organization (WTO) oversees global trade rules among nations and mediates disputes. The WTO has been a force for globalization, with both positive and negative effects. Big...

3. www.weforum.org › agenda › 2016The World Trade Organization. Here's what it actually does

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   Dec 9, 2016 · 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.

   • Author: Rosamond Hutt

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5. www.bbc.co.uk › news › business-35074942What is the World Trade Organization? - BBC News

   www.bbc.co.uk › news › business-35074942

   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...

6. en.wikipedia.org › wiki › World_Trade_OrganizationWorld Trade Organization - Wikipedia

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   The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland [6] that regulates and facilitates international trade. [7]

7. www.investopedia.com › investing › what-is-the-worldWhat Is the World Trade Organization (WTO ... - Investopedia

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   Apr 14, 2024 · The World Trade Organization (WTO) is a global organization made up of 164 member countries that deals with the rules of trade between nations. Its goal is to ensure that trade flows as...

8. education.cfr.org › learn › readingWhat Is the World Trade Organization? | CFR Education

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   Apr 25, 2023 · The WTO seeks to ensure fair and equitable treatment for its 164 members by conducting negotiations, lowering trade barriers, and settling disputes. World...

9. money.cnn.com › 2018/03/12 › newsWhat is the WTO, and how does it work? A World Trade ...

   money.cnn.com › 2018/03/12 › news

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   Mar 12, 2018 · The WTO is the center of the global trading system. Made up of and governed by member nations, the WTO administers the network of international trade rules currently in place. It serves...