Global Trading Organizations

WTO, NAFTA, OPEC

World Trading Organization

WTO

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. WTO agreements are negotiated and signed by the trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct and grow their business.

To improve the welfare of the peoples of the member countries.

What is The World Trading Organization?

What is the GOAL of the organization?

The WTO came into being in 1995.

The WTO is the successor to the General Agreement on Tariffs and Trade (GATT), established in the wake of the Second World War.

Administering WTO trade agreements

Forum for trade negotiations Handling trade disputes

Monitoring national trade policies

Technical assistance and training for developing countries

Cooperation with other international organizations

History Role

NAFTA

North American Free Trade Agreement

The Organization of the Petroleum Exporting Countries

OPEC