World Trade Organization

WTO is international trade agreement which replaced GATT (General Agreement on Tariffs and Trade, which was established in 1948) in 1995. Currently it has 162 members and comprehensive trade treaty is being negotiated among them. This disparate group of countries are split along their economic status and developmental needs which has lead to grid-locking of WTO talks and rise of plurilateral deals like TPP. WTO … Continue reading World Trade Organization