The WTO is the "official title of the multi-lateral trading system and the organization underpinning this system since 1995." It is also the only global international organization dealing with the rules of trade between nations. Their man purpose is to "open trade for benefit of all." It was established in 1995 and grew into a strong system that promoted economic growth. If there is an idea for improvement, decisions are taken by consensus among the members of the WTO. The WTO has many responsibilities however, their main activites include:
:reducing obstacles to trade
:monitoring trade policies among group members
:economic research
:promoting the WTO and trying to get other countries to join
The development of the WTO was based mainly on negiotations. The WTO not only protects trade, however, it protects consumers and the spread of disease.
http://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm
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