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- DictionaryWorld Trade Organization
- 1. an international body founded in 1995 to promote international trade and economic development by reducing tariffs and other restrictions.
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Intergovernmental organization that intends to supervise and liberalize international trade
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. The WTO is the world's largest international economic organization, with 166 member... Wikipedia