What is the WTO and how does it relate to international trade? How many countries belong to the WTO? What did the Uruguay Round (1994) of WTO trade negotiations accomplish? What is the name of the current WTO round of trade negotiations?© BrainMass Inc. brainmass.com October 10, 2019, 3:32 am ad1c9bdddf
What is the WTO and how does it relate to international trade?
The WTO or the World Trade Organization regulates the 'rules of trade between nations' (World Trade Organization, 2011).
According to Shah (2007) the WTO is "the primary international body to help promote free trade, by drawing up the rules of international trade". This function is a clear indication that the focus of the organization is international trade.
How many countries belong to the WTO?
WTO website ...
This solution shows a brief profile of the World Trade Organization.