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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 ...
The remaining WTO members acceded after first becoming WTO observers and negotiating membership. The 27 states of the European Union are dually represented, as the EU is a full member of the organization. Other autonomous entities are eligible for full membership in the WTO provided that they have a separate customs territory with full autonomy ...
The WTO isn’t the sole reason for our deficits, but it’s the biggest one. We do need a rules-based mechanism for global trade, but the current system is far from equitable. The WTO’s flaws ...
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 ...
Today, that system is being buffeted by geopolitical headwinds, powerful political forces, and a trade landscape being redefined by new technologies. That makes certainty more important than ever.
WTO officials hope the first part of the agreement will gain the approval of two-thirds of the WTO's 164 members and come into effect in Abu Dhabi. So far, over half have signed up. E-COMMERCE
The WTO's 10th Ministerial Conference was held in Nairobi, Kenya, from 15 to 19 December 2015. The completion of Afghanistan and Liberia's accession to the WTO was on the agenda. It culminated in the adoption of the "Nairobi Package", a series of six Ministerial Decisions on agriculture, cotton and issues related to least-developed countries ...
2014: Trade and development: recent trends and the role of the WTO; 2015: Speeding up trade: benefits and challenges of implementing the WTO Trade Facilitation Agreement; 2016: Levelling the trading field for SMEs; 2017: Trade, technology and jobs; 2018: The future of world trade - How digital technologies are transforming global commerce