The World Trade Organization (WTO) is an international organization regulating the rules of trade between nations. It was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT.) It consists of 164 members.
Speaking at the G20 summit on Saturday, Russia’s President Vladimir Putin called on world leaders to address the piled-up issues facing international trade, urging them to limit protectionism and abandon sanction practices.
Russian President Vladimir Putin has told G20 leaders that there is nothing to replace the World Trade Organization (WTO), but it should be able to cope with current challenges and needs modernization.
The Trump administration's 2018 tariffs on Chinese goods violated an international trade treaty, the World Trade Organization has ruled, finding in China's favor. But its decision might be difficult to enforce.
European plane maker Airbus said on Wednesday it regrets Washington’s decision to keep in place 15 percent tariffs on Airbus aircraft despite European Union actions to comply with World Trade Organization (WTO) rulings.