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.
South Africa’s and Togo’s parliaments this month ratified the agreement establishing the African Continental Free Trade Area (AfCFTA). The total number of countries committing to the deal has thus grown to 49.
Ankara has won its first appeal at the World Trade Organization (WTO) against additional US tariffs imposed on steel imports, Turkish Trade Minister Ruhsar Pekcan said. The complaint with was initiated by Turkey in August.
The EU ambassador to the World Trade Organization (WTO) has lambasted Washington's tariffs and protectionist trade policy. He called the US the “epicenter” of the crisis in the multilateral trading system.
Despite criticism for the trade war with China, the US president appears to have backing of other world leaders seeking to overhaul the World Trade Organization, although WTO reform won’t necessarily go according to Trump’s plan.