World Trade Organization
Narrow Association: World Trade Organization
Established Year: 1995
Is a company: yes
Is a proper noun: yes
Notes: Deals with the global rules of trade between nations.
Definition of World Trade Organization
- 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
- North American Free Trade Agreement (NAFTA) — Acronym,
- An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.
- Business (busn) — Abbreviation,
- Economic activities of a given type.
- A company, either for-profit or non-profit.
- Commercial, industrial or professional activities undertaken by an entity.
- General Agreement on Tariffs and Trade (GATT) — Acronym,
- International Chamber of Commerce (ICC) — Acronym,
- 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) — Company Est. 1946, Geneva, Switzerland,
- An international organization created to promote standardization around the world.
- Imports — Definition,
- Goods and services produced in other countries and sold in Canada.
- Exports — Definition,
- Products and services produced in Canada and sold in other countries.
- Commerce — Definition,
- The systems and activities that impact business and trade within a nation and abroad.