1. The Role of World Trade Organization
World Trade Organization (WTO) deals with the rules of trade between nations at a global or near-global level. ... It operates a system of trade rules. ... These documents provide the legal ground-rules for international commerce. ... It did not take long for the General Agreement to give birth to an unofficial, de facto international organization, also known informally as GATT. ... But in reality, a lot of international trade tension is reduced because countries can turn to organizations, in particular the WTO, to settle their trade disputes. ...
- Word Count: 1488
- Approx Pages: 6
- Grade Level: High School