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.
Some member countries of the World Trade Organization (WTO) want to create an appeal mechanism that would prevent the US vetoing decisions it dislikes, according to Russian Economy Minister Maksim Oreshkin.
Russia’s State Duma has ratified the agreement for Russia to join the World Trade Organization despite opposition inside the country. On Monday Russia's Constitutional Court ruled the WTO deal was in line with the country’s law.