The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 124 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.
The WTO was formed in 1995 as the successor to the Global Agreement on Tariffs and Trade (GATT), which was established in 1955 in the wake of World War II (WWII). In the context of telecommunications, the WTO's involvement largely has been in the realm of international long distance rates.
What It Is. The World Trade Organization (WTO) establishes rules of trade among its member nations. To this end, the WTO also handles trade disputes, monitors trade policies, provides technical assistance for developing countries and cooperates with other international trade organizations.
In January 1999, the City of Seattle was selected to host the World Trade Organization (WTO) Ministerial Conference in November-December 1999. The WTO is a global international organization dealing with the rules of trade between nations.