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World Trade Organization
An international organization designed by its founders to supervise and liberalize international trade
World Trade Organization
The World Trade Organization is an international organization that encourages and regulates trade between its member states. The abbreviation WTO is also used. the WTO an international organization, established in 1995 and based in Geneva, that deals with the rules of trade between different nations, and encourages them to trade fairly. International organization based in Geneva that supervises world trade. It was created by 104 members in 1995 to replace the General Agreement on Tariffs and Trade (GATT). Like its predecessor, it aims to lower trade barriers and encourage multilateral trade. It monitors members' adherence to all GATT agreements and negotiates and implements new agreements. Critics of the WTO, including many opponents of economic globalization, have charged that it undermines national sovereignty by promoting the interests of large multinational corporations and that the trade liberalization it encourages leads to environmental damage and declining living standards for low-skilled workers in developing countries
World Trade Organization
international organization which handles and promotes international commerce
World Trade Organization
wto
world trade organization
An organization based in Geneva set up in 1995 to implement and enforce the Uruguay Round Agreement Replaces the General Agreement on Tariffs and Trade (GATT) WTO establishes the legal and institutional foundations of the international trading system It determines government obligations in trade legislation and regulation, and specifies trade dispute resolution mechanisms Currently has 142 member countries
world trade organization
An institution created by the General Agreement on Tariffs and Trade that oversees international trade issues, resolves trade disputes and enforces the GATT trade pact Abbreviated as WTO BACK TO TOP
world trade organization
The governing body for international trade established by the Uruguay round GATT agreement
world trade organization
created by the Uruguay Round of GATT to provide a permanent arena for member nations to address international trade issues and oversee implementation of trade agreements negotiated in the Uruguay Round
world trade organization
An international organization established by the Uruguay Round trade agreement to replace the institution created by the General Agreement on Tariffs and Trade known as the GATT The WTO provides a code of conduct for international commerce and a framework for periodic multilateral negotiations on trade liberalization and expansion The Uruguay Round trade agreement modified the code and the framework and established the World Trade Organization (WTO) on January 1, 1995
world trade organization
the WTO is a global international organization dealing with the rules of trade between nations
world trade organization
An association of 135 nations that meet to regulate international trade
world trade organization
Established 1995 as successor to the General Agreement on Tariffs and Trade (GATT), aimed at liberalizing and securing international trade Formed in the Uruguay Round of trade negotiations, the WTO had 115 member nations in 1996, and fifteen others applied WTO rules to their trade policies Administered by a general council, trade dispute negotiation panel, and secretariat
world trade organization
Provisions to establish the WTO were reached in the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) The WTO is scheduled to be established no later than 1997 as an international organization of comparable stature to the World Bank and the International Monetary Fund The Organization is expected to facilitate implementation of trade agreements reached in the Uruguay Round by bringing them under one institutional umbrella, requiring full participation of all countries in one new trading system, and providing a permanent forum to discuss new issues facing the international trading system The WTO system will be available only to countries which: (a) are contracting parties to the GATT, (b) agree to adhere to all of the Uruguay Round agreements, and (c) submit schedules of market access commitments for industrial goods, agricultural goods, and services
world trade organization
The only global international organization dealing with the rules of trade between nations As of January 2002, the WTO had 144 member countries around the world and is headquartered in Geneva, Switzerland Its functions include: administering WTO trade agreements; forum for trade negotiations; handling trade disputes; monitoring national trade policies; technical assistance and training for developing countries; cooperation with other international organizations
world trade organization
A Geneva-based free trade association with 128 member nations Formed in 1995 to administer the GATT, as well as the trade in services and intellectual property WTO secret panels rule on trade disputes among member nations
world trade organization
An international organization created to provide the ground rules for international trade and commerce
world trade organization
The World Trade Organization is an international body that establishes rules of trade between nations Established in 1995, the WTO has 132 member nations
world trade organization
an international organisation that can mediate trade disputes (chapter 18)
world trade organization
Created by the Uruguay Round and successor to the GATT, this organization began operations on Jan 1, 1995, to oversee international trade
world trade organization
The World Trade Organization (WTO) was established on January 1, 1995 as a result of the Uruguay Round negotiations (1986-94) The seat of the WTO is located in Geneva, Switzerland The Organization gathers 132 member countries (as of September 1997) and has an annual budget of $93 million (1996) It performs various functions including administering WTO trade agreement, organizing forums for trade negotiations, handling trade disputes, monitoring national trade policies, providing technical assistance and training for developing countries, and cooperate with other international organizations
world trade organization
An international organization established by the Uruguay Round trade agreement to replace the institution created by the General Agreement on Tarriffs and Trade known as the GATT The WTO provides a code of conduct for international commerce and a framework for periodic multilateral negotiations on trade liberalization and expansion The Uruguay Round trade agreement modified the code and the framework and established the World Trade Organization (WTO) on January 1, 1995
world trade organization
an international organization based in Geneva that monitors and enforces rules governing global trade
world trade organization
The premier international organization that seeks to establish global rules of trade between nations The WTO helps trade flow smoothly, freely, fairly and predictably
world trade organization
An international organization established under the Uruguay Round of the General Agreement on Tariffs and Trade to replace GATT and to facilitate implementation of trade agreements reached in the Uruguay Round by bringing them under one institutional umbrella, requiring the full participation of all countries in one trading system, and providing a forum to discuss new issues facing the international trading system
world trade organization
The WTO was established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), which was itself established after the Second World War The overall system was developed through a series of trade negotiations, or rounds, held under GATT It is the forum for negotiating international trade agreements and the agency in charge of regulating and enforcing those agreements
world trade organization
A body of 137 nations that provides the institutional framework for global commerce Established in 1995 and headquartered in Geneva, the WTO administers the General Agreement on Tariffs and Trade, seeking to eliminate barriers to international trade and investment, including tariffs and quotas, and national laws protecting food safety, endangered species, workers and the environment WTO rules undermine democracy, human rights and environmental protection In 1999, for example, a U S court struck down a Massachusetts law that prohibited the state from doing business with companies that were doing business in dictatorial Burma The court bowed to a European Union claim that the law violated WTO rules In 1998, the WTO ruled that the United States could no longer outlaw the U S sale of shrimp caught in ways that killed endangered sea turtles That year it also struck down the European Union’s ban on importing beef from cattle raised with artificial growth hormones
world trade organization
the organization established in 1995 as a result of the Uruguay round of trade negotiations; replacing GATT, it is designed to remove trade barriers and settle trade disputes
world trade organization
Intergovernmental organization created by the Agreement Establishing the World Trade Oranization Home Page
world trade organization
A multilateral agency that administers world trade agreements, fosters trade relations among nations, and solves trade disputes among member countries
world trade organization
Created by the Uruguay Round of international trade 1 January 1995 (Geneva, Switzerland) It has 136 member countries (as of 30 April 2000) WTO functions include: • Administering WTO trade agreements; • Forum for trade negotiations; • Handling trade disputes • Monitoring national trade policies • Technical assistance and training for developing countries • Cooperation with other international organizations See links
world trade organization [top]