What is the World Trade Organization? Write a summary based on your own observation and understanding.
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What is the WTO? - WTO
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
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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 latest international economic organization in the world .
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