World Economic Organisations

History of WTO

The WTO's predecessor, the General Agreement on Tariffs and Trade (GATT), was established after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation – such as the World Bank and the International Monetary Fund.

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A comparable international institution for trade, named the International Trade Organization never started as the treaty was not approved by the U.S. and other signatories, and so GATT slowly became a de facto international organization.

Ministerial
Conferences

The highest decision-making body of the WTO is the Ministerial Conference, which usually meets every two years. ....