1945

World Trade Organization (WTO)

The World Trade Organization (WTO), established in 1995 as a successor to the General Agreement on Tariffs and Trade (GATT), following the conclusion of the Uruguay Round of multilateral trade negotiations, was the legal and institutional foundation of the multilateral trading system. In 1998, WTO continued to oversee the rules of international trade, settle trade disputes between Governments and organize trade negotiations.

Related Subject(s): United Nations
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