World Trade Organization (WTO)

Related Terms
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.

Use 'World Trade Organization (WTO)' in a Sentence

Knowing where the world trade organization stands with your new product should help you to know how you should proceed.
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I read about the World Trade Organization and how it governed all of the nations and made them follow certain rules.
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The world trade organization played an instrumental role in the country's economic relationship with the United States, we were grateful for this.
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