Let’s have an idea about “WTO”.
The World Trade Organization (WTO) is an intergovernmental organization which was officially born on January 1, 1995. WTO is concerned with the regulation of international trade between nations.
WTO was commenced under the Marrakesh Agreement, signed by 123 nations on 15 April 1994.
WTO is the largest international trade organization in the world which deals with the regulation of trade in goods, services and intellectual property between participating countries and its understanding on rules and procedures governing the Settlement of Disputes provides a binding means for WTO members to resolve disputes arising under WTO agreement.