Canadian Financial, Real Estate and Mortgage Glossary

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World Trade Organization

World Trade Organization
Is a company established in 1995.

Acronyms &
Year established:1995
Notes:Deals with the global rules of trade between nations.
Filed Under: companies-associations, financial-banking, investments
Tags: trade

Definition of World Trade Organization (WTO)

World Trade Organization (WTO)
1. An international organization that aims to organize and promote free trade between nations. The World Trade Organization (WTO) was formed in 1995 to replace the General Agreement on Tariffs and Trade (GATT). The WTO provides a framework for negotiating formal trade agreements between nations. There are over 150 member states in the WTO.

Related Terms and Acronyms:

  • business (busn)   A company, either for-profit or non-profit.
  • commerce   The systems and activities that impact business and trade within a nation and abroad.
  • exports   Products and services produced in Canada and sold in other countries.
  • General Agreement on Tariffs and Trade (GATT)
  • imports   Goods and services produced in other countries and sold in Canada.
  • International Chamber of Commerce (ICC)   A world business organization that brings business people and experts together to formulate policies in such areas as banking, taxation and the environment.
  • International Organization for Standardization (ISO)   An international organization created to promote standardization around the world.
  • North American Free Trade Agreement (NAFTA)   An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.

Broad and Narrow Associations

[World Trade Organization]
  • General Agreement on Tariffs and Trade (GATT) — Acronym, Low Relevance

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