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As of July 2016, the WTO has 164 members. Afghanistan is the newest member, joining effective 29 July 2016. The World Trade Organization (WTO) is an international organization that deals with the rules of trade between countries. It was founded in 1995 as a successor to the General Agreement on Tariffs and Trade (GATT), which came into force in 1948.
The WTO describes its principal function as being to provide a forum for its members to negotiate on trade issues. It operates a body of rules in the form of WTO agreements. Finally, it provides a dispute settlement mechanism (DSM) to resolve disagreements over the rules between members.
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Mandakini Singh
Teaching is more than just a job, it is a responsibility. A responsibility to help shape career..
The World Trade Organization (WTO) is an intergovernmental organization made up of 164 member countries that deal with the global rules of trade between nations. The WTO’s main function is to ensure that global trade flows freely and smoothly between nations. The WTO is also essentially an alternative dispute or mediation entity providing a platform for member governments to resolve and negotiate trade disputes when they arise.
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