World Trade Organization

The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP.

Budget: 197200000
Comment: enThe World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP.
Depiction
Formation: 1 January 1995
Founding date: 1 January 1995
Geometry: POINT(6.1494445800781 46.224166870117)
Has abstract: enThe World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP. The WTO facilitates trade in goods, services and intellectual property among participating countries by providing a framework for negotiating trade agreements, which usually aim to reduce or eliminate tariffs, quotas, and other restrictions; these agreements are signed by representatives of member governments and ratified by their legislatures. The WTO also administers independent dispute resolution for enforcing participants' adherence to trade agreements and resolving trade-related disputes. The organization prohibits discrimination between trading partners, but provides exceptions for environmental protection, national security, and other important goals. The WTO is headquartered in Geneva, Switzerland. Its top decision-making body is the Ministerial Conference, which is composed of all member states and usually convenes biennially; consensus is emphasized in all decisions. Day-to-day functions are handled by the General Council, made up of representatives from all members. A Secretariat of over 600 personnel, led by the Director-General and four deputies, provides administrative, professional, and technical services. The WTO's annual budget is roughly 220 million USD, which is contributed by members based on their proportion of international trade. Studies show the WTO has boosted trade and reduced trade barriers. It has also influenced trade agreement generally; a 2017 analysis found that the vast majority of preferential trade agreements (PTAs) up to that point explicitly reference the WTO, with substantial portions of text copied from WTO agreements. Goal 10 of the United Nations Sustainable Development Goals also referenced WTO agreements as instruments of reducing inequality. However, critics contend that the benefits of WTO-facilitated free trade are not shared equally, citing the outcomes of negotiations and data showing a continually widening gap between rich and poor nations.
Has close match: grid.463021.2
Headquarter: Centre William Rappard; Geneva; Switzerland
Headquarters: Centre William Rappard; Geneva; Switzerland
Homepage: www.wto.org/%7CWTO.org
Hypernym: Organization
IsLike: CH-GeWTO
Is primary topic of: World Trade Organization
Label: enWorld Trade Organization
Languages: English language; French language; Spanish language
Latitude: 46.22
LeaderFunction: World Trade Organization PersonFunction 1
LeaderName: Ngozi Okonjo-Iweala
LeaderTitle: Director-General of the World Trade Organization
Link from a Wikipage to an external page: www.wto.org/%7CWTO.org; www.wto.org/english/thewto_e/secre_e/budget_e/budget2019_member_contribution_e.pdf; www.intracen.org/about/itcs-role-in-un-and-wto/; www.wto.org/
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Longitude: 6.15
Mcaption: en----
Membership: en164 members (160 UN member states, the European Union, Hong Kong, Macao, and Taiwan)
Membership: 164
Name: enWorld Trade Organization
Name: enWorld Trade Organization
NativeName: enOrganisation mondiale du commerce; enOrganización Mundial del Comercio
Number of staff: 640
NumStaff: 640
OriginalName: enOrganisation mondiale du commerce; enOrganización Mundial del Comercio
Point: 46.22416666666667 6.149444444444445
Purpose: Reduction of tariffs and other barriers to trade
Purpose: enReduction of tariffs and other barriers to trade
RegionServed: enWorldwide
SameAs: 10065807-6; 1086004434; 1088120598; 1090524994; 153400694; 2145784-0
SameAs: 312770601
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SeeAlso: 1999 Seattle WTO protests; General Agreement on Tariffs; Trade
Subject: Category:Foreign direct investment; Category:International organisations based in Switzerland; Category:International trade law; Category:International trade organizations; Category:Organisations based in Geneva; Category:Organizations established in 1995; Category:Trade blocs; Category:Treaties entered into force in 1995; Category:United Nations General Assembly observers; Category:World government; Category:World Trade Organization
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Type: Intergovernmental organization
Type: Intergovernmental organization
WasDerivedFrom: World Trade Organization?oldid=1120266704&ns=0
Website: %7CWTO.org
WikiPageLength: 84000
Wikipage page ID: 33873
Wikipage revision ID: 1120266704
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