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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 ( WTO) is an intergovernmental organization which regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. [ 2]
The longest were that of Russia, lasting 19 years and 2 months, [ 5] Vanuatu, lasting 17 years and 1 month, [ 6] and China, lasting 15 years and 5 months. [ 7] As of 2007, WTO member states represented 96.4% of global trade and 96.7% of global GDP. [ 8] Iran, followed by Algeria, are the economies with the largest GDP and trade outside the WTO ...
The 13th World Trade Organization ministerial has left the WTO badly weakened and in danger of slipping into irrelevancy. The meeting was a failure. World Trade Organization slides into a vacuum ...
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).
The 1999 Seattle WTO protests, sometimes referred to as the Battle of Seattle, [ 1] were a series of anti-globalization protests surrounding the WTO Ministerial Conference of 1999, when members of the World Trade Organization (WTO) convened at the Washington State Convention and Trade Center in Seattle, Washington on November 30, 1999.
January 1, 1948 - GATT 1947 comes into force. 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.
China became a member of the World Trade Organization (WTO) on 11 December 2001, [ 1] after the agreement of the Ministerial Conference. [ 2] The admission was preceded by a lengthy process of negotiations and required significant changes to the Chinese economy. Its membership has been contentious, with substantial economic and political ...