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The World Trade Organization (WTO)
The World Trade Organization (WTO) was established 1. January 1995 and is a continuation of GATT. Its main purpose is to liberalize the world trade by reducing customs and taxes between the participating countries.The World Trade Organization (WTO) 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. The goal is to help producers of goods and services, exporters, and importers conduct their business.
Last changed: 20/11/2008 Print