History, asked by vaishnavichavan486, 7 months ago

"world trade organisation " short note​

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Answered by khansameer31423
1

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Answered by yajanadk2
1

Answer:

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.Formation:1 January 1995; 25 years ago

Type:International trade organization

Purpose:Reduction of tariffs and other barriers to trade

Headquarters:Centre William Rappard, Geneva, Switzerland

Coordinates:46°13′27″N 06°08′58″E

Region served:Worldwide

Membership:164 member states[1

Official languages:English, French, Spanish[2]

Director-General:Roberto Azevêdo

Budget :197.2 million Swiss francs (approx. 209 million US$) in 2018.

Staff:640

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