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A multilateral agency that administers world trade agreements, fosters trade relations among nations, and solves trade disputes among member countries. Bloomberg Financial Dictionary————World Trade Organisation - an organisation dealing with the rules of international trade. The WTO was established in 1995 and has its headquarters in Switzerland. It acts as a forum for trade negotiations; administers international trade agreements; and resolves international trade disputes. In 2004, the WTO had 147 member states. HM Customs & Revenue Glossary
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World Trade Organization. Based in Geneva and launched in 1995 to supervise existing international trade accords and provide a forum for negotiation of new agreements as well as to adjudicate in disputes. Absorbed the old GATT.■ www.wto.org ■
Financial and business terms. 2012.