wto

fghsdfghsdgfsdfsdfThe WTO stands for the World Trade Organization, its purpose is to make sure that trade between nations flows smoothly, freely, fairly and predictably. The WTO has more than 140 members, accounting for over 97% of world trade. The WTO’s top level decision making body is the Ministerial Conference which meets at least once every two years.
One of the goals of the WTO is to help producers of goods and services, importers, and exporters conduct their business. They are the only global international organization dealing with the global rules of trade between nations. The WTO was created on 1 January 1995 marked the biggest reform of international trade since after the Second World War. This organization started in 1995 it is one of the youngest international organizations. They tried to make ITO (international Trade Organization) in 1948 but they failed. The General Agreement on Tariffs and Trade (GATT) established around the time of the World War 2 right after th...