The World Trade Organization Organizations Essay examples

The World Trade Organization Organizations Essay examples

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    The World Trade Organization, also known as the WTO,  is an organization whose goal is to regulate and open trade among other nations (World Trade Organization). Also, the intention of this organization is to minimize trade barriers and establish rules for trade all over the world (Pulsipher & Pulsipher 37). The World Trade Organization was founded on January 1, 1995. This organization was created preceding the post war General Agreement on Tariffs and Trade, also known as, GATT (World Trade Organization). There are currently 164 countries who are members. 117 of these members are still developing countries (World Trade Organization). The headquarters is located in Geneva, Switzerland. The three main languages for this organization is English, Spanish, and French (World Trade Organization). The World Trade Organization is an important organization that affects trade all over the world.
           The purpose of the WTO is to ensure that trade is being run efficiently and as smoothly as possible (World Trade Organization). This organization has many specific goals. To begin, the WTO negotiates trade agreements with countries all around the world (World Trade Organization). For example, if a country decides  they are going to lower tariffs in their region, then the World Trade Organization’s job is to ensure that the countries word is taken (World Trade Organization). Secondly, this group helps settle disputes or problems between the countries. They have specific steps in place for handling these situations. If a country feels that their rights have been violated, then the WTO has people appointed to solve the issue. These people will then decide if they country’s right has been violated and then take action from there (World Tr...


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.... After that, the WTO Secretariat is notified (The Balance). The country is a member within a month.
    The World Trade Organization has many purposes and responsibilities for many developing countries around the world. Although this organization has some set backs, the World Trade Organization is an effective organization. The WTO regulates trade, solves trade conflicts between several countries, minimizes trade barriers, and monitors countries to make sure they are following all the rules and procedures of the organization. The World Trade Organization has helped more than a hundred countries all around the world have easy access for markets for goods and services. Without the help of the World Trade Organization, trade tensions would increase, developing countries would struggle, and it would increase the cost of doing business internationally.

          




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