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World Trade Organization in boosting economy

World Trade Organization in Promoting Free and Fair Trade: Significance and Limitations

Admin08 mins

Introduction The World Trade Organization (WTO) is the principal international institution governing global trade. Established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), the WTO was created to provide a structured and rules-based framework for international commerce. Its core objective is to promote free, fair, and predictable trade among…

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GATT and the World Trade Organization

From GATT to WTO: The Uruguay Round and Global Trade Transformation

Admin013 mins

Introduction International trade is the backbone of modern globalization, and its regulation has been one of the most significant challenges since the 20th century. Countries often face conflicts over tariffs, subsidies, and trade restrictions, which, if unresolved, can escalate into trade wars. To prevent such outcomes and promote a rules-based system of trade, global institutions…

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