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.
The World Trade Organization (WTO) has ruled that some $7 billion in Indian export subsidies violate trade rules and should be halted, upholding an American complaint filed last year and prompting US officials to declare victory.
The World Trade Organization (WTO) on Monday formally authorized the United States to impose tariffs on up to $7.5 billion of imports of European Union goods after an arbitrator’s decision over subsidies to plane maker Airbus.
The US withdrawal from the World Trade Organization (WTO) could lead to the extinction of the regulating body, the Kremlin said following US President Donald Trump’s warning that Washington may leave the organization.