10/18/2023 0 Comments Citi global transfer 汇款![]() History of the multilateral trading systemįrom the early days of the Silk Road to the creation of the General Agreement on Tariffs and Trade (GATT) and the birth of the WTO, trade has played an important role in supporting economic development and promoting peaceful relations among nations. This booklet is brief, but it tries to reflect the complex and dynamic nature of trade and the WTO’s trade rules. More depth, to the WTO and its agreements. The WTO in BriefĮssential information about the WTO. The World Trade Organization - the WTO - is the international organization whose primary purpose is to open trade for the benefit of all. These principles are the foundation of the multilateral trading system. But a number of simple, fundamental principles run throughout all of these documents. The WTO agreements are lengthy and complex because they are legal texts covering a wide range of activities. 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). The WTO is run by its member governments. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other. It is a place for them to settle trade disputes. ![]() It is a forum for governments to negotiate trade agreements. There are a number of ways of looking at the World Trade Organization.
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