释义 |
World Trade Organization (WTO) An international trade organization formed under the General Agreement on Tariffs and Trade (GATT) to replace GATT and implement measures agreed at the Uruguay Round (1994) by 2002. It began operating on 1 January 1995. The WTO’s aims are to continue the work of GATT in agreeing international trading rules and furthering the liberalization of international trade. The WTO extends its jurisdiction into such aspects of trading as intellectual property rights (see trips). WTO rules are very important in international trade contracts. The highest authority of the WTO is the Ministerial Conference, held at least every two years. By 2021 the WTO had 164 member states. https://www.wto.org/ • WTO website |