Definitions for World Trade Organization
world trade or·ga·ni·za·tion

Princeton's WordNetRate this definition:0.0 / 0 votes

1. World Trade Organization, WTOnoun

   an international organization based in Geneva that monitors and enforces rules governing global trade

WiktionaryRate this definition:0.0 / 0 votes

1. World Trade Organizationnoun

   An international organization designed by its founders to supervise and liberalize international trade.

WikipediaRate this definition:0.0 / 0 votes

1. World Trade Organization

   The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP.The WTO facilitates trade in goods, services and intellectual property among participating countries by providing a framework for negotiating trade agreements, which usually aim to reduce or eliminate tariffs, quotas, and other restrictions; these agreements are signed by representatives of member governments: fol.9–10  and ratified by their legislatures. The WTO also administers independent dispute resolution for enforcing participants' adherence to trade agreements and resolving trade-related disputes. The organization prohibits discrimination between trading partners, but provides exceptions for environmental protection, national security, and other important goals.The WTO is headquartered in Geneva, Switzerland. Its top decision-making body is the Ministerial Conference, which is composed of all member states and usually convenes biennially; consensus is emphasized in all decisions. Day-to-day functions are handled by the General Council, made up of representatives from all members. A Secretariat of over 600 personnel, led by the Director-General and four deputies, provides administrative, professional, and technical services. The WTO's annual budget is roughly 220 million USD, which is contributed by members based on their proportion of international trade.Studies show the WTO has boosted trade and reduced trade barriers. It has also influenced trade agreement generally; a 2017 analysis found that the vast majority of preferential trade agreements (PTAs) up to that point explicitly reference the WTO, with substantial portions of text copied from WTO agreements. Goal 10 of the United Nations Sustainable Development Goals also referenced WTO agreements as instruments of reducing inequality. However, critics contend that the benefits of WTO-facilitated free trade are not shared equally.

ChatGPTRate this definition:0.0 / 0 votes

1. world trade organization

   The World Trade Organization (WTO) is an international institution that regulates trade between participating countries. It provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants' adherence to its set of trade rules. The WTO primarily aims to promote free trade and ensure the smooth flow of trade, contributing to global economic growth and development. It was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT).

WikidataRate this definition:0.0 / 0 votes

1. World Trade Organization

   The World Trade Organization is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade, which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round. The organization is attempting to complete negotiations on the Doha Development Round, which was launched in 2001 with an explicit focus on addressing the needs of developing countries. As of June 2012, the future of the Doha Round remains uncertain: the work programme lists 21 subjects in which the original deadline of 1 January 2005 was missed, and the round is still incomplete. The conflict between free trade on industrial goods and services but retention of protectionism on farm subsidies to domestic agricultural sector and the substantiation of the international liberalization of fair trade on agricultural products remain the major obstacles. These points of contention have hindered any progress to launch new WTO negotiations beyond the Doha Development Round. As a result of this impasse, there has been an increasing number of bilateral free trade agreements signed. As of July 2012, there are various negotiation groups in the WTO system for the current agricultural trade negotiation which is in the condition of stalemate.

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How to pronounce World Trade Organization?

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How to say World Trade Organization in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of World Trade Organization in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of World Trade Organization in Pythagorean Numerology is: 8

Examples of World Trade Organization in a Sentence

1. President Trump:

   The attacks have been launched against the basic principles of the Middle East settlement, the Joint Comprehensive Plan of Action on the Iranian nuclear program, the commitments within the World Trade Organization( WTO) framework, the multilateral climate agreement and many more.

2. Japanese Finance Minister Taro Aso:

   The G7 ought to collectively tell China to follow global rules, by taking measures that violate G7 and World Trade Organization rules, the United States is actually benefiting China. That's wrong.

3. Donald Duncan:

   In 1997 we were the fastest growing manufacturing metro area in the country and four years later it collapsed, what you can see on the ground today is 3,000 job openings. China's emergence as the world's low-cost producer and export superpower following its World Trade Organization entry in 2001 dealt a heavy blow to traditional industrial communities such as Hickory. Economists David Autor, David Dorn and Gordon Hanson have tried to separate the impact of trade from other factors affecting U.S. manufacturing employment and they estimate that between 1990 and 2007 Hickory lost 16 percent of its manufacturing jobs just due to surging imports from China. DEEP SCARS. Buffeted by other headwinds, such as the 1994 North American Free Trade agreement and the lifting of textile quotas in 2004, the area lost 40,000 manufacturing jobs overall, half the total, between 2000 and 2009. Nationally, more than 5 million manufacturing jobs have disappeared since 2000, a period that also included the worst economic downturn since the Great Depression. The collapse left deep and still visible scars that help explain the appeal of Trump's pledge to bring back manufacturing's glory days. In Hickory, disability rolls soared more than 50 percent between 2000 and 2014, swollen by older workers who struggled to return to the workforce. At the same time, the share of the 25-34 year old in the population fell by almost a fifth between 2000 and 2010. Consequently, even as the unemployment rate tumbled from a peak above 15 percent in 2010 to 4.6 percent today, below the national average, so did the labor force participation rate. It fell from above 68 percent in 2000 to below 59 percent in 2014. Poverty levels doubled. Yet the manufacturing upswing in areas that suffered the most during the downturn is evident. Rust belt states, such as Michigan, Indiana and Ohio that may prove pivotal in the Nov. 8 presidential election, have been adding manufacturing jobs faster than the economy as a whole. Michigan, for example, which lost nearly half of its manufacturing jobs between 2000 and 2009, has since then seen a 25 percent rise, well above the 4 percent gain nationally. Manufacturing employment there is still well below the levels in the 1990s. Economists debate whether returning to that level is realistic given technological advances that have reduced manufacturing's share of the workforce from a high of above 30 percent in the 1950s to around 8 percent today. But they also feel that have already seen the bottom, particularly when it comes to China's impact.

4. Larry Kudlow:

   The World Trade Organization is composed of 164 countries and deals with global rules of trade between nations. Trump did not specifically say the U.S. was not interested in the deal. The president is scheduled to play golf with Abe on Wednesday. Larry Kudlow, Larry Kudlow, earlier downplayed the possibility of the U.S. rejoining the pact. On the American side at the moment, it’s more of a thought than a policy.

5. Jair Bolsonaro:

   Now, Leonardo DiCaprio has to know that it was the very president of the World Trade Organization who said that without Brazilian agribusiness, the world would be hungry, so, Leonardo DiCaprio better keep Leonardo DiCaprio mouth shut instead of talking nonsense.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=World Trade Organization
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/World_Trade_Organization
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/World_Trade_Organization
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=World Trade Organization