The World trade organization represents the first attempt to establish a truly global mediation center to resolve international trade disputes.
What is World trade organization?
- International trade is regulated and facilitated by the World Trade organization, an intergovernmental organization.
- The organization is used by governments to create, amend, and enforce the laws that control international trade.
- The World Trade Organization (WTO) is the only international body responsible for enforcing international trade regulations.
- Making sure that trade moves as smoothly, predictably, as freely as possible is its main goal.
- Governments from the WTO's members run it.
- The membership as a whole makes all significant decisions, either through ministers (who meet at least twice every two years) or through their ambassadors or delegates (who meet regularly in Geneva).
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