The WTO precursor General Agreement on Tariffs and Trade (GATT) was established by a multilateral treaty of 23 countries in 1947 after World War II in the wake of other new … See more

The WTO is recognized for producing authoritative annual reports that provide clarity on the complexities of global trade. These documents … See more

The highest authority of the WTO is the Ministerial Conference, which must meet at least every two years. The Ministerial Conference met most recently in June 2022 in Geneva.
In between each Ministerial Conference, the daily work is … See more

The WTO's dispute-settlement system "is the result of the evolution of rules, procedures and practices developed over almost half a century under the GATT 1947". In 1994, the … See more

Promotion of growth by facilitating trade is the most important function of WTO. Other important functions include:
• It … See more

The WTO establishes a framework for trade policies; it does not define or specify outcomes. That is, it is concerned with setting the rules of … See more

The WTO describes itself as "a rules-based, member-driven organization—all decisions are made by the member governments, and the rules are the outcome of … See more