World Trade Organization (WTO)

World Trade Organization (WTO),

Definition of World Trade Organization (WTO):

  1. The WTO is based on agreements signed by the majority of the world’s trading nations. The main function of the organization is to help producers of goods and services, exporters, and importers protect and manage their businesses. As of 2019 the WTO has 164 member countries, with Liberia and Afghanistan the most recent members, having joined in July 2016, and 23 “observer” countries.

  2. Created in 1995, the World Trade Organization (WTO) is an international institution that oversees the global trade rules among nations. It superseded the 1947 General Agreement on Tariffs and Trade (GATT) created in the wake of World War II.

  3. UN multilateral trade organization formed on January 1, 1995 (after culmination of the Uruguay Round) as the successor to GATT and the court of final settlement in trade disputes. Its objectives included (1) removal of all barriers to international trade in goods, services, and intellectual property, (2) equitable and speedy resolution of disputes between trading partners, and (3) identification of non-compliance with trade agreements.

  4. An international body founded in 1995 to promote international trade and economic development by reducing tariffs and other restrictions.

How to use World Trade Organization (WTO) in a sentence?

  1. The WTO has fueled globalization with both positive and negative effects.
  2. The world trade organization played an instrumental role in the countrys economic relationship with the United States, we were grateful for this.
  3. I read about the World Trade Organization and how it governed all of the nations and made them follow certain rules.
  4. The WTO oversees global trade rules among nations.
  5. The main focus of the WTO is to provide open lines of communication concerning trade among its members.
  6. Knowing where the world trade organization stands with your new product should help you to know how you should proceed.

Meaning of World Trade Organization (WTO) & World Trade Organization (WTO) Definition

World Trade Organization (WTO),

What is World Trade Organization (WTO)?

  • The definition of World Trade Organization (WTO) is: The World Trade Organization (WTO) was founded in 1995 and is an international body that monitors the rules of global trade between countries. It replaced the 1947 post-World War II General Agreement on Tariffs and Trade (GATT).

    • The World Trade Organization monitors global trade rules between countries.
    • The WTO has promoted globalization with both positive and negative effects.
    • The main purpose of the WTO is to provide an open channel of communication for trade between its members.

Literal Meanings of World Trade Organization (WTO)

World:

Meanings of World:
  1. The earth and all its countries, peoples and natural resources.

  2. A region or group of countries.

  3. Human and social interaction.

Sentences of World
  1. He is playing his part in saving the world

  2. English speaking world

  3. Almost completely removed from the world

Synonyms of World

earth, globe, planet, sphere, society, high society

Trade:

Meanings of Trade:
  1. The act of buying and selling goods and services.

  2. Special jobs that usually require manual skills and special training.

  3. Commercial winds

  4. Buy and sell goods and services.

  5. Exchange for something else (usually), usually as a business transaction.

Sentences of Trade
  1. Decision to ban all ivory trade

  2. The basics of the construction industry

  3. Northeast Jobs

  4. Luxury goods trading broker

  5. Replace the mud shark lever for fish oil

Synonyms of Trade

commerce, buying and selling, dealing, traffic, trafficking, business, marketing, merchandising, bargaining, craft, occupation, job, day job, career, profession, pursuit, living, livelihood, line, line of work, line of business, vocation, calling, walk of life, province, field, deal

Organization:

Meanings of Organization:
  1. Organize groups of people with a specific purpose, especially companies, communities, associations, etc.

Synonyms of Organization

company, firm, concern, operation, corporation, institution, group, establishment, consortium, conglomerate, combine, syndicate, body, agency, federation, confederation, alliance, coalition, association, movement, society, league, club, network, confederacy, planning, arrangement, coordination, structuring, administration

WTO:

World Trade Organization (WTO),

Definition of World Trade Organization (WTO):

  • A simple definition of World Trade Organization (WTO) is: The World Trade Organization (WTO), founded in 1995, is an international agency that oversees a country's global trade laws. This is the General Tariff and Trade Agreement (GATT) of 1947, which was drafted after World War II.

    • The WTO oversees countries' global trade laws.
    • The WTO launched globalization with both positive and negative effects.
    • The main goal of the WTO is to provide an open channel of trade communication for its members.

Literal Meanings of World Trade Organization (WTO)

World:

Meanings of World:
  1. The earth with all its nations and peoples.

Sentences of World
  1. Was almost completely removed from the world.

Synonyms of World

earthly concerns, temporal concerns, human existence, secular interests

Trade:

Meanings of Trade:
  1. A profession that requires manual skills and specialized training.

Sentences of Trade
  1. Measures to ban all ivory trade

  2. Build business principles

  3. Replace mud shark liver for fish oil.

Synonyms of Trade

métier, exchange, negotiations, replace, proceedings, employment, operate, transactions, barter, swap, truck, buy and sell, dealings, merchandise, run, do business, substitute, peddle, tout, flog, switch, hawk

Organization:

Meanings of Organization:
  1. A group of people is organized for a specific purpose, for example, a company or a ministry.

  2. The process of organizing something.

Synonyms of Organization

logistics, regulation, running, set-up, organizing, development, outfit, formation, assembly, management, assembling