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Essay Details:
Essay text:
It deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
First of all I would like to give some facts about the creation and location of WTO.
Location: Geneva, Switzerland
Established: 1 January 1995
Created by: Uruguay Round negotiations (1986–94)
Membership: 134 countries (as of February 1999)
Budget: 122 million Swiss francs for 1999
Secretariat staff: 500
Head: Director-general
Functions:
• Administering WTO trade agreements
• Forum for trade negotiations
• Handling trade disputes
• Monitoring national trade policies
• Technical assistance and training for developing countries
• Cooperation with other international organizations
The World Trade Organization came into being in 1995...
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