The document summarizes the role and functions of the World Trade Organization (WTO). It discusses how the WTO works to facilitate global trade by negotiating trade agreements, handling trade disputes between members, and helping developing countries. The WTO aims to improve standards of living around the world and sees free trade as mutually beneficial for all nations based on principles of comparative advantage. The WTO also faces some criticisms for potentially undermining national sovereignty and environmental/labor laws.

4. Past, Present, Future The WTO came into being in 1995. The WTO is the successor to the General Agreement on Tariffs and Trade (GATT), established in the wake of the Second World War.

6. The Organization Chart

7. The Organization Committees on Trade and Environment Trade and Development… Working parties on Accessions Working groups Committees Committees Textiles Monitoring Body Working parties on General Council Council for Trade in Goods Council for Intellectual Property Rights in Trade Council for Trade In Servfices GC: Dispute Settlement Body GC: Trade Policy Review Body Ministerial Conference