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    World Trade Or·gan·i·za·tion
    [wərld trād ˌôrɡənəˈzāSHən, ˌôrɡəˌnīˈzāSHən]
    definition
    1. an international body founded in 1995 to promote international trade and economic development by reducing tariffs and other restrictions.
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    What is the purpose of the World Trade Organization (WTO)?The World Trade Organization is a global organization made up of 164 member countries that deals with the rules of trade between nations. The goal of the WTO is to ensure that trade flows as smoothly and predictably as possible. The WTO was born out of the General Agreement on Tariffs and Trade (GATT), which was established in 1947.
    How does the World Trade Organization work?Governments use the organization to establish, revise, and enforce the rules that govern international trade in cooperation with the United Nations System. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP.
    How many countries are in the World Trade Organization (WTO)?As of 2021, the WTO has 164 member countries, with Liberia and Afghanistan the most recent members, having joined in July 2016, and 25 “observer” countries and governments. The World Trade Organization (WTO) oversees global trade rules among nations and mediates disputes.
    What are the features of World Trade Organisation (WTO)?The features of World Trade Organisation (WTO) are as follows: In order to promote international trade, WTO agreements cover trade in goods and services. There are 164 members of WTO at present, and every member is obligated to follow the laws and policies framed under WTO rules.
     
  5. WebJun 5, 2022 · The World Trade Organization (WTO) is the body that keeps global trade running smoothly. It oversees the rules and mediates disputes among its member nations.

  6. Web3 days ago · The World Trade Organization (WTO) is an international organization established to supervise and liberalize world trade.

  7. World Trade Organization: Definition, Purpose, Status

    WebMar 4, 2021 · The World Trade Organization is a global organization that manages commerce between its member nations. The WTO has 164 member countries and 23 observer governments. The WTO’s primary …

  8. What Is the World Trade Organization? | CFR Education

  9. WebApr 14, 2024 · The World Trade Organization (WTO) is a global organization made up of 164 member countries that deals with the rules of trade between nations. Its goal is to ensure that trade flows as...

  10. WebDec 16, 2015 · The World Trade Organization (WTO) is an international agency with 162 member countries and its purpose is to promote international commerce. It has become closely associated with...

  11. What is The World Trade Organization (WTO)?

  12. The World Trade Organisation: what is it, and what …

    WebMay 14, 2024 · The 1948 General Agreement on Tariffs and Trade, the WTO’s predecessor, was designed to avoid a repeat of the collapse of trade in the 1930s that worsened the Great Depressionand to eliminate market …

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