The World Trade Organization commenced operations on January 1st 1995, pursuant to the 1994 Marrakesh Agreement. This intergovernmental body facilitates and regulates trade between different nations, and is used by governments to establish, enforce and revise the rules governing international trade.

1. Marko Vujosevic
The World Trade
Organization

3. Today, the World Trade Organization is the largest inter-
national economic organization globally, incorporating
164 member states and representing more than 98% of
global GDP and trade.
The World Trade Organization facilitates trade in goods,
intellectual property and services between participating
countries, providing a framework for international trade
agreements, which are typically devised to eliminate or re-
duce quotas, tariffs and other restrictions.
The World Trade Organization also administers indepen-
dent dispute resolution, enforcing trade agreements and
resolving trade-related disputes.
Headquartered in Geneva, Switzerland, the World Trade
Organization’s top decision-making body is known as the
‘Ministerial Conference’, a board composed of all mem-
ber states that usually convenes biennially, with consensus
emphasized in all decisions.
The General Council is responsible for overseeing the
World Trade Organization’s day-to-day functions and op-
erations, while a Secretariat led by the Director General,
comprising more than 600 personnel, provides profes-
sional, technical and administrative services.
The World Trade Organization commenced operations on January 1st
1995, pursuant to the 1994 Marrakesh Agreement. This intergovern-
mental body facilitates and regulates trade between different nations,
and is used by governments to establish, enforce and revise the rules
governing international trade.
The World Trade
Organization

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