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The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland [6] that regulates and facilitates international trade. [7] Governments use the organization to establish, revise, and enforce the rules that govern international trade in cooperation with the United Nations System .
Business English means different things to different people and is used differently in different organization according their own needs and services. For some, it focuses on vocabulary and topics used in the worlds of business, trade , finance , and international relations .
The International Trade Centre ITC is the joint agency of the World Trade Organization and the United Nations; The U.S. Government's export promotion and finance portal Archived 2006-12-28 at the Wayback Machine A government resource for U.S. exporters; UK Trade & Investment - a government resource for UK exporters
Last year, the volume of world merchandise trade was down 1.1%, pushed lower by high inflation and rising interest rates. World Trade Organization slightly raises 2024 goods trade forecast but ...
The GATT was the only multilateral instrument governing international trade from 1946 until the WTO was established on 1 January 1995. [9] Despite attempts in the mid-1950s and 1960s to create some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral treaty regime on a provisional basis. [10]
ICC is the only business organisation to have Observer Status at the United Nations General Assembly, and is a representative voice for business at the World Trade Organization, and many other intergovernmental bodies, both international and regional, such as G20 [4] on behalf of international business.
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination ...
World Trade Organization: 164 Geneva, Switzerland European Union: 27 Brussels, Belgium Organisation of Petroleum exporting countries (OPEC) 14 Vienna, Austria South Asian Association for Regional Co-operation (SAARC) 8 Kathmandu, Nepal Association of South East Asian Nations (ASEAN) 10 Jakarta, Indonesia Asia-Pacific Economic Cooperation (APEC) 21