Global trade the world trade organization wto deals with the global rules of trade between nations its main function is to ensure that global trade flows smoothly predictably and freely as possible. The world trade organization wto is an intergovernmental organization that is concerned with the regulation of international trade between nations the wto officially commenced on 1 january 1995 under the marrakesh agreement signed by 124 nations on 15 april 1994 replacing the general agreement on tariffs and trade gatt which commenced in 1948 it is the largest international economic . World trade organization wto international organization established to supervise and liberalize world trade the wto is the successor to the general agreement on tariffs and trade gatt which was created in 1947 in the expectation that it would soon be replaced by a specialized agency of the united nations un to be called the international trade organization ito. The world trade organization is an international institution that oversees the global trade rules involving the majority of trading nations the wto has fueled globalization with both positive and . World trade organization wto definition and meaning the world trade organization often referred to by its initials wto is a global international organization that deals with the rules of trade between countries and helps trading nations resolve disputes the wto says it is the only global organization that does this
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