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Article: World Trade Organization
- Article from:
- International Encyclopedia of the Social Sciences
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World Trade Organization
THE SUCCESSOR TO THE GATT
INSTITUTIONAL FRAMEWORK AND DISPUTE-RESOLUTION MECHANISMS
THE DOHA ROUND
CONTROVERSY AND 1999 SEATTLE PROTESTS
BIBLIOGRAPHY
The World Trade Organization (WTO) is the international organization that oversees trade among member nations and acts as a forum for governments to negotiate trade agreements and settle trade disputes under a system of rules and procedures. Its aim is to increase world trade by lowering barriers to the international sale of goods and services, including intellectual property. The WTO was formed on January 1, 1995, replacing the postwar multilateral trading order under the General Agreement on Tariffs and Trade ...