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World Trade Organization
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History & Society

World Trade Organization

international trade
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https://64.176.36.150/topic/World-Trade-Organization
Also known as: WTO
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Last Updated: • Article History
garment factory, Vietnam
garment factory, Vietnam
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Category: History & Society
Date:
January 5, 1995 - present
Headquarters:
Geneva
Areas Of Involvement:
international trade
globalization
Related People:
Ngozi Okonjo-Iweala
Peter Mandelson
Renato Ruggiero
Tsai Ing-wen
See all related content →

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World Trade Organization (WTO), international organization established to supervise and liberalize world trade. The WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947 in the expectation that it would soon be replaced by a specialized agency of the United Nations (UN) to be called the International Trade Organization (ITO). Although the ITO never materialized, the GATT proved remarkably successful in liberalizing world trade over the next five decades. By the late 1980s there were calls for a stronger multilateral organization to monitor trade and resolve trade disputes. Following the completion of ...(100 of 1708 words)

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