The World Trade Organization regulates international trade agreements from "summary" of International Financial Management, Abridged Edition by Jeff Madura
The World Trade Organization, or WTO, plays a crucial role in overseeing and regulating international trade agreements. This organization was established in 1995 to replace the General Agreement on Tariffs and Trade (GATT) and to promote global trade by reducing trade barriers and ensuring a level playing field for all member countries. One of the main functions of the WTO is to provide a forum for member countries to negotiate trade agreements and resolve disputes related to international trade. By establishing rules and regulations that govern trade between countries, the WTO helps to prevent trade wars and protect the interests of both developed and developing nations. The WTO operat...
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