The World Trade Organization (WTO) Flashcards
1
Q
Type of organization
A
International Trade Organization
2
Q
Purpose
A
Regulate International Trade
It deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements
3
Q
Goal
A
Help producers of goods and services, exporters, and importers conduct their business.
4
Q
Headquarters
A
Geneva, Switzerland
5
Q
Membership
A
164 states; 98% of world trade
6
Q
Head
A
Roberto Azevedo
7
Q
Facts
A
It replaced the General Agreement on Tariffs and Trade (GATT), which commenced in 1948 and that was the WTO predecessor
