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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 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.
1947 – The General Agreement on Tariffs and Trade (GATT), the foundation of the World Trade Organization (WTO), is founded. 1948 – A luzzu fishing boat overloaded with passengers capsizes and sinks in the Gozo Channel off Qala , Gozo , Malta , killing 23 of the 27 people on board.
The original members of the World Trade Organization are the parties to the General Agreement on Tariffs and Trade (GATT) after ratifying the Uruguay Round Agreements, [1] and the European Communities. They obtained this status at the entry into force on 1 January 1995 or upon their date of ratification.
In 2001, he founded the World Toilet Organisation (WTO), an international non-governmental organisation for sanitation. After lobbying efforts with Singapore's Ministry of Foreign Affairs, the founding date of WTO was later adopted as World Toilet Day by the United Nations in 2012. Sim's leadership of the WTO includes humanitarian ...
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 ...
The term "Warsaw Pact" commonly refers to both the treaty itself and its resultant military alliance, the Warsaw Treaty Organization [5] (WTO). [ f ] The Warsaw Pact was the military complement to the Council for Mutual Economic Assistance (Comecon), the economic organization for the Eastern Bloc states.