Imagery of GATT agreement stones transforming into the WTO, symbolizing historical transition and continuity

Understanding the World Trade Organization (WTO): History, Functions, Advantages, Disadvantages, Leadership, and Importance

International Trade

Background of the WTO: Historical Context and Foundational Agreements The World Trade Organization (WTO) was established in 1995, succeeding the General Agreement on Tariffs and Trade (GATT), which had been created in 1947. The WTO represents a significant milestone in international trade, as it has served as an essential forum

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