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 World Trade Organization said on Tuesday that the European Union issued unfair subsidies to Airbus, hurting sales of some wide-body Boeing planes.
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.
The process of accession can be broken down into four major stages: a country wishing to accede to the WTO submits an application to the General Council.