Wto (Noun)
Meaning
An international organization based in Geneva that monitors and enforces rules governing global trade.
Classification
Nouns denoting groupings of people or objects.
Examples
- The World Trade Organization (WTO) has been instrumental in promoting free trade and economic cooperation among its member countries.
- The WTO has established a dispute settlement body to resolve trade disputes between its member countries.
- The organization's main objective is to ensure that trade flows as smoothly and freely as possible, and the WTO plays a crucial role in achieving this goal.
- The WTO has been criticized for its handling of trade disputes, with some countries accusing it of favoring the interests of wealthy nations.
- The WTO's agreements and rules are designed to promote fair competition and prevent protectionism, which can harm international trade.