Sunday, May 26, 2013 4:28 PM EST

WTO

he World Trade Organization (WTO) is an international organization designed by its founders to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1947.

The World Trade Organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalising trade agreements, and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round (1986-1994). Read More

Articles About WTO

Analysis: U.S. food labels seen heating up North America meat war

By Reuters

The United States is poised to introduce stricter rules on the labeling of meat imports this week, a move that is likely to heat up a simmering trade dispute with Canada and Mexico. (May 22)

MORE TOPICS: RETAIL, MEXICO, LAWYER

China threatens own trade action if EU opens telecoms case

By Reuters

China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behavior by Chinese mobile telecom equipment companies. (May 17)

MORE TOPICS: CHINA, EUROPEAN UNION, TELECOMS

Analysis: UK trade may struggle to stand still after EU exit

By Reuters

As British Prime Minister David Cameron struggles to accommodate euroskeptics in his own party, trade experts warn that quitting the European Union would force Britain not just to rework trade relations with the EU, but also with the EU's trade partners and probably the World Trade Organization. (May 16)

MORE TOPICS: EUROPEAN UNION, JAPAN, SOUTH KOREA, AUSTRALIA, ARGENTINA, SOUTH AFRICA

Despite winning top world trade job, even Brazil looks beyond WTO

By Reuters UK

Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO's main mission - pushing forward in global trade talks - looks for the moment like a lost cause. (May 11)

MORE TOPICS: EUROPEAN UNION, ARGENTINA, MEXICO, TRADE BALANCE, INTERNATIONAL MONETARY FUND, CURRENCY WAR

Brazil's Azevedo becomes first Latin American to head WTO

By Reuters UK

Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organization, the first candidate from the BRICS club of emerging economies to take the job. (May 08)

MORE TOPICS: MEXICO

Brazil's Azevedo wins race to head WTO

By Reuters UK

Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organization, the first candidate from the BRIC club of emerging economies to take the job. (May 08)

MORE TOPICS: MEXICO

Brazil's Azevedo to be next WTO chief: source

By Reuters

Roberto Azevedo, a Brazilian trade diplomat, will be the next head of the World Trade Organization, a diplomatic source said on Tuesday after the results of the race to succeed France's Pascal Lamy in the job were revealed in a confidential meeting. (May 08)

The Energy Report - Offsetting Risks

By Price Futures Group

Oil prices swung back and forth like a juiced up yo-yo as it tried to balance rising geo-political risk as well as economic risks. The attack on Hezbollah in Syria killed some elite Syrian troops and Syria and Iran are vowing retaliation. (May 07)

MORE TOPICS: CHINA, DOW JONES, IMF, CRUDE OIL, MANUFACTURING, ISRAEL

Stalemated world trade body nears choice for new leader

By Reuters

The World Trade Organization has overseen a 12-year stalemate in global trade talks. On Wednesday, it will decide whether an insider or an outsider is better placed to break the deadlock. (May 05)

MORE TOPICS: CHINA, EUROPEAN UNION, QUANTITATIVE EASING, SETTLEMENT

Brazil WTO hopeful brushes off protectionist complaints

By Reuters UK

Brazil's candidate to head the World Trade Organization brushed off criticism from rich nations that his country is growing more protectionist, saying he will be a neutral negotiator of global trade frictions if he gets the job this month. (May 02)

MORE TOPICS: CHINA, CALIFORNIA, EUROPEAN UNION, JAPAN, SOUTH KOREA, MEXICO