Organizations of the World Trade

About The Book

The World Trade Organization (WTO) is an intergovernmental organisation that is in charge of regulating commercial activity on a global scale. The General Agreement on Tariffs and Trade (GATT), which began operations in 1948, was succeeded by the World Trade Organization (WTO) on January 1, 1995. This was made possible by the Marrakesh Agreement, which was signed by 123 states on April 15, 1994. It is the international economic organisation that has the most members in the globe. The World Trade Organization (WTO) is responsible for the regulation of international trade in goods, services, and intellectual property. It does this by providing a framework for the negotiation of trade agreements and a dispute resolution process with the goal of enforcing participants' adherence to WTO agreements. These agreements are signed by representatives of member governments and ratified by their parliaments. The majority of the topics on which the World Trade Organization (WTO) focuses are the result of past trade discussions, most notably the Uruguay Round (1986-1994). The current book is the product of extensive research that was carried out on the subject of the World Trade Organization. This book is a continuation of the author's past writings on the modern developments of the WTO, with a particular emphasis placed on the politics of regional trading blocs throughout this book. The manner in which the subject of WTO is being discussed makes the ever-growing consensus on the co-existence of politics and economics very clear. The shortcomings and imbalances that have been observed as a result of the WTO system are exposed in this book, and it also draws attention to the important decisions that the member nations of the WTO will need to make in the upcoming negotiations.