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What Do We Know About the World Trade Organization?

04/01/2024
What is the WTO?

The World Trade Organization (WTO) is the only international organization that deals with the rules that govern trade between countries. The pillars on which they rest are the WTO Agreements, which have been negotiated and signed by the vast majority of countries participating in world trade and ratified by their respective parliaments. The objective is to help producers of goods and services, exporters and importers to carry out their activities.

About them

The World Trade Organization can be seen from different perspectives. It is an Organization for the opening of trade. It is a forum for governments to negotiate trade agreements.

What do they do

The WTO is governed by the governments of its Members. All important decisions are taken by all Members, either by their Ministers (who meet at least once every two years) or by their ambassadors or delegates (who meet regularly in Geneva).

What they advocate

The WTO Agreements are extensive and complex, because they are legal texts that cover a wide variety of activities. However, all these documents are inspired by several simple and fundamental principles, which form the basis of the multilateral trading system.

Source: www.wto.org/indexsp.

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