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.

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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1. • World Organization

How to pronounce World Trade Organization?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

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   Oliver

   British

   Wendy

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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. The EU:

   We reaffirm our commitment to keep the global economy open as well as rules-based, to support an inclusive multilateral trading system with the World Trade Organization (WTO) at its center and to keep international economic cooperation on track.

2. 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.

3. 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.

4. German Foreign Minister Frank-Walter Steinmeier:

   First, it goes against the statements of the nominated defense secretary a few days ago. We have to see what it will yield in terms of U.S. foreign policy. The same goes for the statements on trade policy, we count on the U.S. to stick to its international obligations, including in the World Trade Organization.

5. Maxim Oreshkin:

   Russia is using its rights at the World Trade Organization and is introducing balancing measures on imports from the United States.

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. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=World Trade Organization