What is the World Trade Organization (WTO)?

The World Trade Organization (WTO) is an organization that sets the rules for international trade between countries. It is headquartered in Geneva, Switzerland. The WTO was established in 1995 as a successor to the General Agreement on Tariffs and Trade (GATT). The goal of the WTO is to promote free and open international trade by facilitating the reduction of tariffs and other trade barriers. In Delaware, the WTO sets the rules for a variety of international trade activities. For example, the WTO sets the rules for how countries can use subsidies for their exports, how disputes between countries can be resolved, and how countries can protect their local producers. The WTO also helps promote global economic growth by helping to open new markets for countries around the world. In addition, the WTO helps to create a level playing field for international trade by establishing a common set of rules that all countries must follow. This helps create stability and predictability in international trade, which can be beneficial to both countries and businesses. By creating a stable and predictable international trade environment, the WTO helps protect the rights of countries and businesses in Delaware.

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What is the World Trade Organization (WTO)?

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