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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 Centre William Rappard at Rue de Lausanne 154, Geneva, Switzerland, was built between 1923 and 1926 to house the International Labour Office (ILO). It was the first building in Geneva designed to house an international organization. [1]
Geneva hosts the highest number of international organisations in the world. [1] Palais des Nations , the main building of the United Nations Office at Geneva WIPO headquarters in Geneva This is a list of international organizations , UN programs and funds and other organizations based in Geneva , Switzerland .
The Ministerial Conference is the top decision making body of the World Trade Organization (WTO). [1] There have been thirteen ministerial conferences from 1996 to 2024, usually every two years. Ministerial conferences
The Twelfth Ministerial Conference (MC12) of the World Trade Organization (WTO) was a landmark event, marking the first Ministerial Conference held in nearly five years due to the COVID-19 pandemic. It brought together trade ministers and senior officials from all 164 WTO member countries to discuss and negotiate critical global trade issues. [1]
The International Trade Centre (ITC) was established on 1 January 1968. [4] The ITC has a joint mandate with the World Trade Organization (WTO) and the United Nations (UN) through the United Nations Conference on Trade and Development (UNCTAD). The ITC is the focal point for trade-related technical assistance. [5]
March 1948 - Charter of the ITO signed but US Congress rejects it, leaving GATT as the only international instrument governing world trade. 1949 - Second GATT Round of trade talks held at Annecy, France. 1950 - Third GATT Round held in Torquay, England. 1956 - The Geneva Round completed in May 1956, resulting in $2.5 billion in tariff reductions.
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).