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World Trade Organization (WTO)

06-DEC-2014 12:31

    What is the WTO?

    The World Trade Organization (WTO) is the only global international organization that deals with the set of laws of trade between nations. It holds the WTO agreements that are negotiated & signed by the bulk of trading nations of the world & ratified in their parliaments. The aim is to facilitate producers of goods & services, importers and exporters to carry out their business.

    Who we are?

    It is an association for trade opening. It is a medium for governments to discuss trade agreements. It is a podium for them to resolve trade disputes.

    It functions a system of trade rules. Fundamentally, the World Trade Organization is a place where member governments attempt to sort out the trade problems they face with each other.

    What we do?

    World Trade Organization is run by its member governments. All main decisions are made by the membership as a whole, by ministers or by their delegates or ambassadors.

    What we stand for?

    The agreements of World Trade Organization are complex and lengthy because they are legal texts that cover an extensive range of activities. But a number of easy, essential principles run throughout all of these documents. These principles are the basis of multilateral trading system.

     

    Source: http://www.wto.org/

    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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