Question

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WTO PLEASE EXPLAIN FULL

Answer 1

The world Trade organization (WTO) is the only global international organization dealings with the rules of trade between rules. As its heart are the WTO agreements, negotiate and signed by the bulk of the world trading nations and ratified in their parliament


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Answer 2

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The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations.

The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.

It is the largest international economic organization in the world.