The World Trade Organization (WTO) Flashcards

1
Q

Type of organization

A

International Trade Organization

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2
Q

Purpose

A

Regulate International Trade
It deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements

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3
Q

Goal

A

Help producers of goods and services, exporters, and importers conduct their business.

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4
Q

Headquarters

A

Geneva, Switzerland

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5
Q

Membership

A

164 states; 98% of world trade

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6
Q

Head

A

Roberto Azevedo

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7
Q

Facts

A

It replaced the General Agreement on Tariffs and Trade (GATT), which commenced in 1948 and that was the WTO predecessor

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