Saturday, August 2, 2014

World Trade Organization(WTO)

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.

Location:Geneva, Switzerland
Established:1 January 1995

Created by: Uruguay Round negotiations (1986-94)  
Membership: 160 countries on 26 June 2014
Budget: 196 million Swiss francs for 2011
Secretariat staff: 640
Head: Roberto Azevêdo (Director-General)