WTO
World Trade Organization
What is WTO?
It's the world trade organization , founded in 1995 , which regulates trade between nations .
At the end of 1997 the member countries were already more than 130.
Activity
It's main task of the WTO to extend the basic agreements regulating trade and trade policy , based on three principles :
- make the trade free
- facilitate negotiations
- be impartial meeting point for disputes
The main objective of WTO is to reduce the protectionism of markets by liberalizing trade as possible .
WTO replaced:
- GATT - General Agreement on Tariffs and Trade
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