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The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement , signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. [ 2 ]
The economists Harry Dexter White (left) and John Maynard Keynes (right) at the Bretton Woods Conference in New Hampshire [27]. The WTO precursor, General Agreement on Tariffs and Trade (GATT), was established by a multilateral treaty of 23 countries in 1947 after the end of World War II, in the wake of other new multilateral institutions dedicated to international economic cooperation—such ...
1986-1994 - GATT negotiations culminate in the Marrakech Agreement that establishes the World Trade Organization (WTO). January 1, 1995 - The WTO comes into existence. May 1, 1995 - Renato Ruggiero becomes director-general for a 4-year term. December 9, 1996 – December 13, 1996 - The inaugural ministerial conference takes place in Singapore.
One of the most significant changes was the creation of the World Trade Organization (WTO). The 76 existing GATT members and the European Communities became the founding members of the WTO on 1 January 1995. The other 51 GATT members rejoined the WTO in the following two years (the last being Congo in 1997). Since the founding of the WTO, 33 ...
On 19 November 2001, he founded the World Toilet Organization as an advocacy group for global sanitation. In his role as director of the WTO, Sim is a lobbyist and coordinator for sanitation efforts, [25] organising an annual World Toilet Summit, [26] [27] and contributing to administrative and policy changes in Brazil, China, India, and Singapore.
The Law and Policy of the World Trade Organization: Text, Cases and Materials. Cambridge University Press. ISBN 0-521-82290-4. Jackson, John H. (1994). "Managing the Trading System: The World Trade Organization and the Post-Uruguay Round GATT Agenda". In Peter B. Kenen (ed.). Managing the World Economy: Fifty Years after Bretton Woods ...
October 30 in recent years ... securing his position as duke until his death two years later. ... the foundation of the World Trade Organization (WTO), is founded.
The longest were that of Russia, lasting 19 years and 2 months, [5] Vanuatu, lasting 17 years and 1 month, [6] Comoros, lasting 16 years and 10 months, and China, lasting 15 years and 5 months. [ 7 ] As of 2007, WTO members represented 96.4% of global trade and 96.7% of global GDP. [ 8 ]