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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

Areas of interest

WTO is responsible for:

• Agriculture
• Pharmaceuticals
• Textile
• Standardization
• Measurements
• Methods of determination of customs value
• Inspection of boarding
• Import permits
• Grants and countermeasures
• Safeguards
• Air transport
• Financial Services
• Shipping
• Measurements

Cooperations

WTO cooperates with the following organizations :

• IEC - International Electrotechnical Commission
• ASTM - American Society for Testing and Materials
• SLSI - Sri Lanka Standards Institution
• OIML - International Organisation of Legal Metrology
• SWEDAC - Swedish Board for Accreditation and Conformity Assessment
• KEBS - Kenya Bureau of Standards
• KAB - Korea Accreditation Board
• PAO - Department of Trade and Industry
• KOLAS - Korea Laboratory Accreditation Scheme
• IBNORCA - Instituto Boliviano de Normalizacion y Calidad
  

Visit: WTO (http://www.wto.org)
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