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The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland [6] that regulates and facilitates international trade. [7] Governments use the organization to establish, revise, and enforce the rules that govern international trade in cooperation with the United Nations System .
The World Trade Organization's predecessor, the General Agreement on Tariffs and Trade (GATT), was established after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation – notably the Bretton Woods institutions known as the World Bank and the International Monetary Fund.
The offices of the United Nations in Geneva (Switzerland), which is the city that hosts the highest number of international organizations in the world [1]. An international organization, also known as an intergovernmental organization or an international institution, is an organization that is established by a treaty or other type of instrument governed by international law and possesses its ...
In trade and otherwise, we Americans may think we are powerful enough to get the rest of the world to do our bidding, but we are not. Nor, of course, should we try to coerce other countries into ...
The General Agreement on Tariffs and Trade is a multi-national trade treaty. It has been updated in a series of global trade negotiations consisting of nine rounds between 1947 and 1995. Its role in international trade was largely succeeded in 1995 by the World Trade Organization.
The original members of the World Trade Organization are the parties to the General Agreement on Tariffs and Trade (GATT) after ratifying the Uruguay Round Agreements, [1] and the European Communities. They obtained this status at the entry into force on 1 January 1995 or upon their date of ratification.
A ministerial conference of the World Trade Organization, in the Palace of Nations (Geneva, Switzerland).. The following is a list of the major existing intergovernmental organizations (IGOs).
Dispute settlement or dispute settlement system (DSS) is regarded by the World Trade Organization (WTO) as the central pillar of the multilateral trading system, and as the organization's "unique contribution to the stability of the global economy". [1]