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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 ]
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.
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 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 ]
Sun served as Permanent Representative of Grenada to the World Trade Organization (WTO) in Geneva from 2021 to 2023. In 2023, Sun was sued by the U.S. Securities and Exchange Commission , who alleged that Sun and his companies have engaged in fraudulent activity to inflate the price of the TRON (TRX) and BTT tokens, as well as selling ...
In June 2020, Nigerian President Muhammadu Buhari nominated Okonjo-Iweala as the country’s candidate to be director-general of the World Trade Organization (WTO). [54] She later advanced to the election's final round and eventually competed with Yoo Myung-hee. Ahead of the vote, she received the backing of the European Union for her candidacy ...
Sunday remained the first day of the week, being considered the day of the sun god Sol Invictus and the Lord's Day, while the Jewish Sabbath remained the seventh. The Babylonians invented the actual [clarification needed] seven-day week in 600 BCE, with Emperor Constantine making the Day of the Sun (dies Solis, "Sunday") a legal holiday ...
Nation-building is a long evolutionary process, and in most cases the date of a country's "formation" cannot be objectively determined; e.g., the fact that England and France were sovereign kingdoms on equal footing in the medieval period does not prejudice the fact that England is not now a sovereign state (having passed sovereignty to Great ...