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The World Trade Organization ensures smooth, predictable, and free global trade by establishing international trade rules.
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The World Trade Organization (WTO) deals with the global...
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Documents & Resources - World Trade Organization
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The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland that regulates and facilitates international trade. Governments use the organization to establish, revise, and enforce the rules that govern international trade in cooperation with the United Nations System .
Up to 1870, the sum of worldwide exports accounted for less than 10% of global output. Today, the value of exported goods around the world is around 25%. This shows that over the last hundred years, the growth in trade has even outpaced rapid economic growth.
- Esteban Ortiz-Ospina, Diana Beltekian, Max Roser
- 2018
Emerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports. Unfinished goods, components and services account for 70% of all trade. While trade in services accounts for two-thirds of global GDP, COVID-19 has had a devastating impact on trade patterns.
5 giu 2022 · Evan Tarver. Updated June 05, 2022. Reviewed by. Robert C. Kelly. Investopedia / Ryan Oakley. What Is the World Trade Organization (WTO)? Created in 1995, the World Trade Organization (WTO)...
Dal 1995 l’ Organizzazione Mondiale del Commercio (o World Trade Organization, WTO) è l’organizzazione che sostituisce il GATT, General Agreement on Tariffs and Trade, che dal 1948 al 1994 è stato lo strumento per facilitare e regolamentare il commercio internazionale.
The WTO reviews the trade policies of the world’s four largest traders (the European Union, the United States, Japan, and China) once every two years, the policies of the 16 next largest traders once every four years, and the policies of all other traders once every six or more years.
