World Trade Organization
volume
British pronunciation/wˈɜːld tɹˈeɪd ˌɔːɡɐnaɪzˈeɪʃən/
American pronunciation/wˈɜːld tɹˈeɪd ˌɔːɹɡɐnaɪzˈeɪʃən/
WTO

Definition & Meaning of "World Trade Organization"

World Trade Organization
01

an international organization established in 1995, responsible for facilitating global trade negotiations, enforcing trade agreements, and providing a platform for resolving trade disputes among member countries

World Trade Organization

n
example
Example
The World Trade Organization plays a pivotal role in settling trade disputes, ensuring adherence to established international trade rules.
The World Trade Organization oversees global trade agreements, promoting fair and open commerce among its member nations.
Trade negotiations at the World Trade Organization (WTO) aim to create a level playing field for both developed and developing economies.
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