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The economists Harry Dexter White (left) and John Maynard Keynes (right) at the Bretton Woods Conference in New Hampshire [27]. The WTO precursor, General Agreement on Tariffs and Trade (GATT), was established by a multilateral treaty of 23 countries in 1947 after the end of World War II, in the wake of other new multilateral institutions dedicated to international economic cooperation—such ...
Aid for Trade is included in the Sustainable Development Goal 8 about "decent work and economic growth" which is one of the 17 Sustainable Development Goals which were established by the United Nations General Assembly in 2015. The official wording for Target 8.a is to "Increase Aid for Trade support for developing countries, in particular ...
One of the most significant changes was the creation of the World Trade Organization (WTO). The 76 existing GATT members and the European Communities became the founding members of the WTO on 1 January 1995. The other 51 GATT members rejoined the WTO in the following two years (the last being Congo in 1997). Since the founding of the WTO, 33 ...
In a similar vein, the WTO would be well-positioned to reframe the trade system’s approach to contested subsidies, such as the incentives for clean energy found in the U.S. Inflation Reduction Act.
The World Trade Organization's 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five ...
The General Agreement on Trade in Services (GATS) is a treaty of the World Trade Organization (WTO) which entered into force in January 1995 as a result of the Uruguay Round negotiations. The treaty was created to extend the multilateral trading system to service sector , in the same way the General Agreement on Tariffs and Trade (GATT ...
WTO officials hope the first part of the agreement will gain the approval of two-thirds of the WTO's 164 members and come into effect in Abu Dhabi. So far, over half have signed up. E-COMMERCE
Work surrounding the Trade Facilitation Agreement continued after the Singaporean summit. [2] The main purpose of these discussions was to gain an initial understanding of the scope of the agreement. Setting a clearly defined role for the WTO became a priority. The role the WTOwould play began relatively broad.