The World Trade Organization is the principal international body governing trade rules between nations, established on 1 January 1995 as the successor to the General Agreement on Tariffs and Trade and headquartered in Geneva, Switzerland. It provides a forum for negotiating trade agreements, a system for settling trade disputes between member governments, and ongoing monitoring of national trade policies, with a stated aim of using trade as a means to improve living standards, create jobs, and support sustainable development.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction ServedWikidata Q7825, property P17 (country). Classification
Institution SubtypeSourced to the subject's own accountInternational Financial Institution 1 Connections
Associated With
The WTO's rules based trading system rests on the classical case, first formalized by David Ricardo, that nations gain from specializing according to comparative advantage and trading openly, though real trade negotiations weigh many other national interests alongside this principle.
Source World Trade Organization (Official Website)
GATT governed international trade negotiations from 1947 until the Uruguay Round created the WTO, which absorbed and superseded it on 1 January 1995.
Source Understanding the WTO: The GATT Years
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Sources
1. World Trade Organization (Wikipedia)
WikipediaIntroduction, institution-subtype-p2
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade.
In Group: Global Economic and Monetary Organizations, Lead
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade.
View the Source 2. Wikidata
Wikimedia Foundation
3. World Trade Organization (Official Website)
World Trade Organization- What is the WTO
- Associated With: Comparative Advantage
View the Source 4. Wikipedia
Wikimedia FoundationWorld Trade OrganizationQuote, World Trade Organization
Established on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, it succeeded the General Agreement on Tariffs and Trade (GATT)
Wikidata: World Trade Organization
Understanding the WTO: The GATT Years
World Trade OrganizationAssociated With: General Agreement on Tariffs and Trade
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