World Trade Organization

World Trade Organization in the United States

World Trade Organization (WTO) in the International Business Landscape

Definition of World Trade Organization (WTO) in the context of U.S. international business and public trade policy: A new organization created by the Uruguay Round agreements to oversee the global trading system and monitor implementation of trade accords. The WTO is the successor organization to the GATT; unlike the GATT, however, it was explicitly established to play this role. The WTO encompasses and extends the GATT structure. It came into being in 1995.

World Trade Organization (WTO) in the International Business Landscape

Definition of World Trade Organization (WTO) in the context of U.S. international business and public trade policy: The organization that succeeded the General Agreement on Tariffs and Trade (GATT) as a result of the successful completion of the Uruguay round of GATT negotiations.

World Trade Organization (WTO) in the International Business Landscape

Definition of World Trade Organization (WTO) in the context of U.S. international business and public trade policy: The successor organization to the GATT, create in 1995, with stronger power to resolve trade disputes.


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