Tuesday, November 25, 2014 9:49 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

Articles About WTO

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 stands to vote in favour of a government motion to participate in U.S.-led air strikes against Islamic State militants operating in Iraq, in the House of Commons on Parliament Hill in Ottawa October 7, 2014.
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

India's trade minister Anand Sharma
India Hardens Stance Against U.S. Protectionism Ahead of Visits

By Reuters

Trade minister Anand Sharma on Tuesday accused the United States of excessive trade protectionism, launching a broadside that coincided with the visit of a top U.S. official to patch up a stormy bilateral friendship. (Mar 05)

MORE TOPICS: CHINA, GOLD, INDIA, NEW YORK, INTELLECTUAL PROPERTY, EMERGING MARKETS

U.S. State Dept Official to Make Delayed Trip to India Next Week
U.S. State Dept Official to Make Delayed Trip to India Next Week

By Reuters

A senior official of the U.S. State Department will travel to India next week, a visit originally scheduled for January that was postponed due to a dispute over the arrest of Indian diplomat Devyani Khobragade in New York. (Mar 01)

MORE TOPICS: HUMAN RIGHTS, COURT, INDIA, NEW YORK, SUPREME COURT