Wikipedia: World Trade Organization
The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. It is the largest international economic organization in the world.
 
The WTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements, which are signed by representatives of member governments[7]:fol.9–10 and ratified by their parliaments. The WTO prohibits discrimination between trading partners, but provides exceptions for environmental protection, national security, and other important goals.
 
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André van Delft
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What is your favourite TLA?
TLA - Three Letter Acronym
FDA - Fraud and Deception Agency
FBI - Federal Bureau of Incompetency
CIA - Clowns In America
IRS - Incredibly Reduced Salary
CDC - Center for Disease Creation
WHO - World Hoax Organisation
WTO - World Theft Organisation
8:57 PM · Sep 6, 2020·Twitter Web App