World Trade Organization

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World Trade Organization

n
(Economics) an international body concerned with promoting and regulating trade between its member states; established in 1995 as a successor to GATT
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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Noun1.World Trade Organization - an international organization based in Geneva that monitors and enforces rules governing global trade
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References in periodicals archive ?
"Groups of WTO members are also discussing so-called joint initiatives, which include electronic commerce, small and medium-sized enterprises, facilitation of investments, and the economic empowerment of women.
THE Philippines has submitted its request to the World Trade Organization to become an observer of an agreement that opens government procurement among WTO members.
The Agreement on Government Procurement (GPA) is a plurilateral agreement within the WTO's legal framework which provides rules and guidance on the conduct of international trade in the area of government procurement among its 20 signatories (comprising 48 WTO members).
In 2017, trade turnover of Kyrgyzstan with the WTO members amounted to $5.778 billion soms growing by 7.2% from a year earlier: exports - $1.583 billion growing by 11.4%, imports - $4.194 billion growing by 8.7%.
Summary: India has already granted this status to all WTO members, including Pakistan
By liberalizing trade in goods and services, RTAs can increase trade between parties but also result in increased discrimination against all other WTO members. In addition, they introduce rules and regulations in related issues, such as standards, trade defence and rules of origin to name just a few.
What can we do as WTO members? Global assistance can play an important role, some WTO members have structured discussions about how and where WTO can help in facilitating investment.
All 164 WTO members have to undergo the TPR process and the frequency of each country's review varies according to its share of world trade.
The statement, prepared on behalf of global business by the International Chamber of Commerce (ICC) and issued at the conclusion of the MC11 Business Forum, contained recommendations to WTO members on the future direction of the World Trade Agenda (WTA), a joint initiative between ICC and Qatar Chamber.
As an interim measure, the WTO members at the Bali ministerial meeting in December 2013 had agreed to put in place a mechanism popularly called the Peace Clause and committed to negotiate an agreement for permanent solution at MC11 in Buenos Aires.
Mr Roberts said that even where agreement had been Get the latest North Wales news at www.dailypost.co.uk reached with the EU, other World Trade Organisation members had objected, highlighting the dangers the UK would face in leaving the world's biggest free market and attempting to negotiate with WTO members.