World Trade Organization
/ˈwɜrld treɪd ˌɔːrɡənaɪˈzeɪʃən/
Definitions
- (n.) An international organization established in 1995 to regulate and facilitate international trade between nations, providing a framework for negotiating trade agreements and resolving trade disputes.
The World Trade Organization resolved the tariff dispute between the two countries.
Forms
- world trade organization
- world trade organizations
Related terms
See also
Commentary
The WTO is central in international economic law; drafting involving it should precisely reflect its treaty-based powers and dispute resolution mechanisms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.