Friday, December 19, 2014 4:26 AM 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

Headlines Around the Web

Gun background-checks backing weakens

Dec 14, 2013 - MarketWatch

One Year After Newtown, Gun Control Is Dead

Dec 12, 2013 - Business Week

WTO reaches century's first trade deal

Dec 08, 2013 - The Times of India

'It's first agreement related to agriculture'

Dec 07, 2013 - The Times of India

India holds nerves to have its way

Dec 07, 2013 - The Times of India

Sharma talks tough, India gets new allies at WTO

Dec 05, 2013 - The Times of India

India refuses to budge on subsidies at WTO talks

Dec 05, 2013 - The Times of India

WTO talks flirt with failure

Dec 04, 2013 - Politico

WTO meeting: China, India differ on food subsidy

Dec 04, 2013 - The Times of India

'No compromise on food security'

Nov 30, 2013 - The Times of India

Articles About WTO

Russia's President Vladimir Putin, accompanied by his Turkish counterpart Tayyip Erdogan (not pictured), attends a news conference in Ankara, December 1, 2014. Putin said on Monday Russia could not carry on with the South Stream gas pipeline project
Russia Working Energy Cooperation Deals With Serbia, Hungary After South Stream Project Cancellation

By IBTimes AU

Russia's talking with Serbia and Hungary for possible energy cooperation deals. (Dec 08)

MORE TOPICS: EUROPEAN UNION, RUSSIA, LAWSUIT

A man changes the price for a gallon of gasoline at a gas station
Oil Price Drop To 50 Dollars May Already Be A Reality

By IBTimes AU

Falling oil prices will have a major impact on the global economy with some countries benefitting while others struggle. (Dec 05)

MORE TOPICS: CRUDE OIL, AUSTRALIA, RETAIL, OPEC

U.S. President Barack Obama
Obama's Climate Change Agenda Will Persuade Many Reluctant Nations To Oblige On Emission Targets

By IBTimes AU

Obama's Climate change agenda will see a greater push during the next two years of his presidency. (Nov 19)

MORE TOPICS: GLOBAL WARMING, CHINA, BARACK OBAMA, AUSTRALIA, WHITE HOUSE, CLIMATE CHANGE, CONGRESS

World Trade Organization (WTO) Director-General Roberto Azevedo
Director-General Of WTO Appeals To APEC Members To Help Resolve Impasse

By IBTimes AU

The Asia-Pacific Economic Cooperation (APEC) recently concluded the Ministerial Meeting in Beijing. The main aim of the group is to remove barriers to trade. (Nov 11)

MORE TOPICS: AUSTRALIA

Customers shop for meat at Wal-Mart in Rogers, Arkansas, June 4, 2009.
Canada-US Meat Exports Dispute: WTO Gives Relief To Canada Saying COOL Rule Is Discriminatory

By IBTimes AU

There must be compliance with the WTO stipulations on fair trade. (Oct 22)

MORE TOPICS: CALIFORNIA, MEXICO

Canada's Prime Minister Stephen Harper
Canada Drags China To WTO: Alleges Irrational Anti-Dumping Duty On Its Pulp Exports

By IBTimes AU

Good that Canada is showing the courage to drag the errant trade partner to WTO than suffering in silence. (Oct 17)

MORE TOPICS: CHINA, INTERNATIONAL LAW

Ukraine Crisis
Russian President Putin Asks EU To Show “Common Sense” Even As Ukraine Gov't Forces Run Away From Rebel Dominated Positions

By IBTimes AU

The EU leadership needs to engage Russia as Ukraine stands weakened and isolated (Sep 02)

MORE TOPICS: EUROPEAN UNION, RUSSIA, UKRAINE

China Mulls Increasing Export Taxes of Precious Rare Earths

By IBTimes AU

Two months after a WTO ruling said that had China violated international trade rules regarding its imposed measures on rare earths exports, the country plans to increase the export taxes of its precious metals and minerals this year, 2014. (May 23)

MORE TOPICS: CHINA, RARE EARTH

Tony Abbott’s Daughter Smokes in Public, So Much for Australia’s Stiff Tobacco Policy

By IBTimes AU

Prime Minister Tony Abbott’s Daughter Frances smokes in public, tainting Australia’s strict tobacco policy (May 09)

MORE TOPICS: AUSTRALIA, ADVERTISING, CUBA, TONY ABBOTT, LAWSUIT

Rare earths
China Violated Global Trade Rules on Rare Earths Exports – WTO

By IBTimes AU

The World Trade Organization has ruled on a case lodged against China, saying the latter's restrictions of its rare earths exports violated global trade rules. (Mar 27)

MORE TOPICS: CHINA, EUROPEAN UNION, JAPAN, RARE EARTH