World Trade Organization (WTO)
Definition
UN multilateral trade organization formed on January 1, 1995 (after culmination of the Uruguay Round) as the successor to GATT and the court of final settlement in trade disputes. Its objectives included (1) removal of all barriers to international trade in goods, services, and intellectual property, (2) equitable and speedy resolution of disputes between trading partners, and (3) identification of non-compliance with trade agreements.
World Trade Organization (WTO) is in the Economics, Politics, & Society subject.
World Trade Organization (WTO) appears in the definitions of the following terms:
agreement on customs valuation,
export subsidy,
bound tariff rate,
hotel,
multilateral trade negotiations (MTN),
non tariff barrier (NTB),
unfair trade practice,
free trade,
rollback,
valuation
and
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