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December 9, 2023 863 0
The World Trade Organization (WTO) is an international organisation established to regulate and facilitate international trade among its member countries. Formally established on January 1, 1995, and is headquartered in Geneva, Switzerland. It has roots in the General Agreement on Tariffs and Trade (GATT), which was in place since 1947.
WTO: Architect of Global Trade Rules
Do You Know? WTO headquarters are located in Geneva, Switzerland. India has been one of the founding members of WTO. 164 countries are members of WTO currently. |
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Challenges and Contentions: It has been opposed by those who are worried about the effects of free trade and economic globalisation on developing and poorer nations.
Glossary
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