Reference Entry

WTO

Christopher Riches and Jan Palmowski

in A Dictionary of Contemporary World History

Fifth edition


Published online March 2019 | e-ISBN: 9780191870903

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The successor to *GATT, founded by the Marrakesh Agreement of 1994 and effective from 1 January 1995. Its aim has been to promote economic liberalization, mutuality, and preferred trade rules for all member states. Its highest decision-making organ is a ministerial conference of all member states which meets every two years. Beyond this, it acts as an arbiter in international trade disputes between member states. At the same time, its commitment to economic ...

Reference Entry.  438 words. 

Subjects: History ; Contemporary History (Post 1945)

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