The WTO deals with the rules of trade between nations. The WTO originated in 1948 as the General Agreement on Tariffs and Trade.
why was the world trade organization (wto) created
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
the WTO has no scope... lol
Function for WTO
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wto
The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments. It is helpful for countries to join the WTO so that all trade practices are legal and conducted well.
actually GATT is a part of WTO and WTO is a body under UNO
disadvantages of WTO..?
World Trade Organization, based in Geneva, Switzerland. It primarily deals with the rules of trade and commerce between two countries. Structure - Made of 2 entities: 1. WTO agreements, framed, negotiated and agreed to by most of the countries of the world. 2. WTO is also a forum where countries can negotiate these agreements, settle disputes arising from agreements and help other countries join the negotiations. It was formed in 1995.
a brife explanation of wto and its funtion