The document provides information about the World Trade Organization (WTO), including its establishment in 1995, budget, membership, and key agreements. It lists the principal trading principles of non-discrimination, reciprocity, binding commitments, transparency, and safety valves. It also notes several ministerial conferences between 1996 and 2005 in Singapore, Geneva, Seattle, Doha, and Hong Kong. Finally, it outlines some argued advantages such as freer trade and economic growth, as well as perceived disadvantages like policy dictation and job losses.