"world trade organisation " short note
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"world trade organisation " short note
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The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. It is the largest international economic organization in the world.Formation:1 January 1995; 25 years ago
Type:International trade organization
Purpose:Reduction of tariffs and other barriers to trade
Headquarters:Centre William Rappard, Geneva, Switzerland
Coordinates:46°13′27″N 06°08′58″E
Region served:Worldwide
Membership:164 member states[1
Official languages:English, French, Spanish[2]
Director-General:Roberto Azevêdo
Budget :197.2 million Swiss francs (approx. 209 million US$) in 2018.
Staff:640
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