China's Entry into the World Trade Organization

688 WordsFeb 18, 20183 Pages
Introduction World Trade Organization ( WTO Eng . World Trade Organization (WTO) - an international organization founded January 1, 1995 for the purpose of international trade liberalization and regulation of trade and political relations between the Member States. WTO established under the General Agreement on Tariffs and Trade (GATT) .WTO is responsible for the introduction of new parts as well as enforces the members of the organization of all agreements signed by most countries and ratified by their parliaments. WTO bases its activities on the basis of decisions taken in the years 1986-1994 in the framework of the Uruguay Round and earlier GATT agreements. As of July 2012 , there are different groups of negotiations in the WTO system to address current issues in terms of agriculture, which leads to stagnation in the negotiations themselves .WTO headquarters is in Geneva , Switzerland. WTO chief ( CEO ) - Roberto Carvalho de Azevedo , in the state of the organization about 640 people. On March 2, 2013 the WTO consisted of 159 countries . The idea of establishing an international organization designed to regulate international trade was made before World War II . Basically, the U.S. and UK forces in 1944 at the Bretton Woods conference were based International Monetary Fund and the International Bank for Reconstruction and Development. The third pillar of the new economic order, along with the aforementioned organizations planned to establish an International Trade
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