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What Is The World Trade Organization?

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What Is The World Trade Organization?

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The World Trade Organization came into being in 1995. One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. WTO’s overriding objective is to help trade flow smoothly, freely, fairly and predictably through its involvement in: Administering trade agreements Acting as a forum for trade negotiations Settling trade disputes Reviewing national trade policies Assisting developing countries in trade policy issues, through technical assistance and training programs Cooperating with other international organizations For more information regarding the WTO, visit their website at http://www.wto.

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It is the only international organization dealing with the rules of trade between the nations. It is also a forum for governments to negotiate trade agreements.

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