FratFiles

• Save Paper

Overview: World Trade Organization (WTO)


As the success of GATT (the General Agreement on Tariffs and Trade), the World Trade Organization (WTO) was established in 1995 to promote global free trade and deal with the rules of trade between nations at a near-global level.
Currently, the WTO consists of 151 members. Its structure can be divided into four levels: the Ministerial Conference, the General Council, the Councils for Trade, and the Subsidiaries bodies. Being the topmost level of all, the Ministerial Conference meets at least every two years to make decisions on all matters under any of the multilateral trade agreements. The General Councils, the WTO’s highest-level decision-making body, meets regularly to carry out the functions of the WTO. The next level down is the Councils for Trade, which works under the General Council, with three different councils working in different fields. Lastly, we have the Subsidiaries bodies under each of the three councils.
The......

View the rest of this paper...

Approximate Word Count: 518
Approximate Pages: 3 (250 words per double-spaced page)

Similar Essays

1. Wto Gatt
   

   Wto Gatt The World Trade Organization (WTO) is an international organization designed to supervise and liberalize international trade. The WTO came into being on January 1, 1995,

2. World Trade Organization
   

   World Trade Organization Reforming the WTO: Toward More Democratic Governance and Decision-Making Saif Al-Islam Alqadhafi Gaddafi Foundation for Development EL Fatah Tower - 5th

3. Wto Is Unfair
   

   WTO is Unfair The WTO unfairly benefits the developed countries and contributes to the exploitation of developing countries. Its structure should therefore be altered radically,

4. The Wto And The Environment
   

   The WTO and the Environment I. Introduction and Background What is the World Trade Organization, and how can it be so controversial? The WTO itself has only been around for 11

5. Wto
   

   WTO WORLD TRADE ORGANISATION Nobody will deny if I say that in our modern world it is very important to control the relationship between different countries. There are different