International Trade Barriers | Boundless Management

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What is the WTO?

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The World Trade Organization WTO is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. Who we are There are a number of ways of looking at the World Trade Organization. It is an organization for trade opening.

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It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes.

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It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other.

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What we do The WTO is run by its member governments. All major decisions are made by the membership as a whole, either by ministers who usually meet at least once every two years or by their ambassadors or delegates who meet regularly in Geneva.

What we stand for The WTO agreements are lengthy and complex because they are legal texts covering a wide range of activities.

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But a number of simple, fundamental principles run throughout all of these documents. These principles are the foundation of the multilateral trading system.

options concept types of trade organization features