The World Trade Organization (WTO) is an international organization that deals with problems related to the rules of trade between nations. At its center are the WTO agreements, which have been negotiated and signed by most of the world’s trading countries and ratified in their parliaments. The goal is to ensure that business flows as smoothly, predictably and freely as possible.
WTO, the international organization established to monitor and liberalize world trade. The WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947 in the hope that it would soon be replaced
