World Trade Organisation

  • The World Trade Organization (WTO), earlier known as the General Agreement on Trade and Tariffs (GATT), is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments.
  • Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other. Its goal is to help producers of goods and services, exporters, and importers conduct their business.
  • It is run by its member governments and all major decisions are ....
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