WTO
What is World Trade Organization (WTO)?
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 goal is to help producers of goods and services, exporters, and importers conduct their business.
History
The WTO's predecessor, the General Agreement on Tariffs and Trade (GATT), was established after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation – notably the Bretton Woods institutions known as the World Bank and the International Monetary Fund. A comparable international institution for trade, named the International Trade Organization was successfully negotiated. The ITO was to be a United Nations specialized agency and would address not only trade barriers but other issues indirectly related to trade, including employment, investment, restrictive business practices, and commodity agreements. But the ITO treaty was not approved by the U.S. and a few other signatories and never went into effect.
In the absence of an international organization for trade, the GATT would over the years "transform itself" into a de facto international organization.
Members
160 members since 26 June 2014, with dates of WTO membership (and pre-WTO membership dates where applicable).
Click any member to see key information on trade statistics, WTO commitments, disputes, trade policy reviews, and notifications.
Following Members
Pakistan (1 January 1995)
India
South Africa
Iran
Egypt
Sudia Arab
Australia
New Zealand
Italy
Brazil
Argentina
Columbia
Holland
Spain
France
Germany
Portugal
United Kingdom
United states of America
Canada
And More
Achievements of WTO:
In the short period, the WTO has been in existence it is being credited with the following achievements:
Greater market orientation has become
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 goal is to help producers of goods and services, exporters, and importers conduct their business.
History
The WTO's predecessor, the General Agreement on Tariffs and Trade (GATT), was established after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation – notably the Bretton Woods institutions known as the World Bank and the International Monetary Fund. A comparable international institution for trade, named the International Trade Organization was successfully negotiated. The ITO was to be a United Nations specialized agency and would address not only trade barriers but other issues indirectly related to trade, including employment, investment, restrictive business practices, and commodity agreements. But the ITO treaty was not approved by the U.S. and a few other signatories and never went into effect.
In the absence of an international organization for trade, the GATT would over the years "transform itself" into a de facto international organization.
Members
160 members since 26 June 2014, with dates of WTO membership (and pre-WTO membership dates where applicable).
Click any member to see key information on trade statistics, WTO commitments, disputes, trade policy reviews, and notifications.
Following Members
Pakistan (1 January 1995)
India
South Africa
Iran
Egypt
Sudia Arab
Australia
New Zealand
Italy
Brazil
Argentina
Columbia
Holland
Spain
France
Germany
Portugal
United Kingdom
United states of America
Canada
And More
Achievements of WTO:
In the short period, the WTO has been in existence it is being credited with the following achievements:
Greater market orientation has become