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 ensure that trade flows as smoothly, predictably and freely as possible. The WTO has many roles: it operates a global system of trade rules, it acts as a forum for negotiating trade agreements, its settles trade disputes between its members and it supports the needs of developing countries. WTO currently has 164 members.Established in 1995 and headquartered in Geneva the main objective of this organization is to open the trade for the benefit of all.