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- It was signed in 1948 by 23 countries in an effort to boost trade liberalization after the Second World War.
www.weforum.org/agenda/2016/12/world-trade-organization-wto-explained/
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The Agreement on Technical Barriers to Trade is an international treaty of the World Trade Organization. It was negotiated during the Uruguay Round of the General Agreement on Tariffs and Trade and entered into force with the establishment of the WTO at the end of 1994.
The remaining WTO members acceded after first becoming WTO observers and negotiating membership. The 27 states of the European Union are dually represented, as the EU is a full member of the organization.
State [15][34][17]Date Of Accession29 July 20168 September 200023 November 19961 January 1995Dec 16, 2015 · European Union countries are all members, but they act together in the WTO as the EU. As well as its existing 162 members, a further 21 countries have applied to join the WTO, including...
Dec 9, 2016 · After 15 years of arduous negotiations, China finally joined the World Trade Organization (WTO) on 11 December 2001. Fifteen years later, the long road to WTO membership has paid off: China is the world’s leading exporter.
- Rosamond Hutt
- Gatt Rounds of Negotiations
- Ministerial Conferences
- Doha Round
The GATT was the only multilateral instrument governing international trade from 1946 until the WTO was established on 1 January 1995. Despite attempts in the mid-1950s and 1960s to create some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral tr...
The highest decision-making body of the WTO is the Ministerial Conference, which usually meets every two years. It brings together all members of the WTO, all of which are countries or customs unions. The Ministerial Conference can take decisions on all matters under any of the multilateral trade agreements. 1. The inaugural ministerial conference ...
The WTO launched the current round of negotiations, the Doha Development Round, at the fourth ministerial conference in Doha, Qatar in November 2001. This was an ambitious effort to make globalization more inclusive and help the world's poor, particularly by slashing barriers and subsidies in farming. The initial agenda comprised both further trade...
Oct 29, 2021 · The World Trade Organization promotes and manages free trade for its members only. Its competitive trading benefits make WTO membership crucial for all countries. But it's especially critical for a developing country that needs all the trade help it can get.
Dec 7, 2013 · A chronology of key events: 1947 October - 23 countries sign the General Agreement on Tariffs and Trade (Gatt) in Geneva, Switzerland, to try to give an early boost to trade liberalisation. 1947...
