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What is WTO?

April 26, 2017WTO

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What is WTO?

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The World Trade Organization (WTO) is an international organization designed to supervise and liberalize international trade. It deals with the rules of trade between nations at a near-global level; it is responsible for negotiating and implementing new trade agreements, and is in charge of policing member countries’ adherence to all WTO agreements, signed by the bulk of the world’s trading nations and ratified in their parliaments.