World Trade Organization (WTO)

The WTO was established in 1995 under the Marrakesh Agreement, replacing the General Agreement on Tariffs and Trade (GATT), 1947.

  • It is headquartered in Geneva, Switzerland, with 164 member countries.
  • Its objective is to promote free, fair, and rules-based international trade.
  • It operates on principles such as Most Favoured Nation (MFN) and National Treatment.
  • It has a Dispute Settlement Mechanism (DSM), considered the backbone of the multilateral trading system.
  • The Appellate Body Crisis continues as appointments remain blocked, leading to paralysis of dispute resolution at the final stage.
  • This has weakened the enforcement of trade rules and increased reliance on bilateral ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Global Affairs