Concept in Definition ABC

Regulate and open the Commerce world

WTO are the acronyms used to abbreviate the World Trade Organization, which is the only international organization that understands regarding the normative in force that regulates trade between countries. Its mission is to assist and make that inter-country trade easier and that then producers of products and services, exporters and importers have a space that looks after their interests and responds to their needs.

Basically, its action is endorsed and established by the agreements that it seals and that were duly agreed and signed by the nations that participate in the International Trade. It should be noted that these agreements also have a parliamentary permission in each case.

So, opening trade is its maxim, and its entity serves as a neutral space for countries to they can discuss differences in it, and of course sign mutually beneficial agreements countries.

Spread a exchange commercial with clear and transparent rules

When international trade is developing smoothly, with Liberty and with clear rules the benefits will be assured for the parties involved in the agreement. If this does not happen, obviously there will be effects that will hinder progress, development and may even damage trade relations between countries.

Within this scenario, the WTO must intervene to clarify to all its members the rules in force in the different parts of the world, thus avoiding problems resulting from ignorance of commercial regulations and will also gain in transparency commercial.

Creation. Functioning and authorities

Its headquarters is established in the Swiss city of Geneva and its creation dates back to 1995.
Since September 2013, its CEO is the Brazilian Roberto Carvalho de Azevedo. The CEO is responsible for responsibility from supervision of the functions of the WTO. It is worth noting that decisions are made by the WTO member states, which currently number 160, in what is known as the General Council. For example, the authority of the director is less with respect to the council, being more a director. The term of this position lasts four years and then a new director is elected.