According to its own website, the purpose of the World Trade Organization, WTO, is to monitor WTO trade agreements, facilitate trade negotiations, mediate trade disputes, monitor international trade policies and provide assistance to developing economies. The majority of the world's trading nations are WTO members, and each member nation sends representatives to periodic WTO meetings to negotiate on its behalf.Know More
Established in 1995, the WTO is headquartered in Geneva, Switzerland. The organization was born out of a set of negotiations, known as the Uruguay Round, held between most of the world's economies. The WTO describes itself as a proponent of free-flowing and reliable trade between nations but also introduces certain barriers to trade if they are required to protect consumers or inhibit the spread of disease.
Trade agreements are the main tool that the WTO uses to further global trade. These agreements regulate the trade of goods, services and intellectual property. Trade agreements spell out general policies for trade between members, and the WTO states that each agreement also contains a lengthy list of special commitments that exist between one member nation and another. The procedure for dispute resolution is another important component of trade agreements. Trade agreements are designed with the input of member nations and voted upon by members. More than 60 trade agreements have passed since the organization's inception, and they are periodically reviewed and revised.Learn more in International Orgs
The primary purpose of the International Monetary Fund is to oversee the international monetary and financial systems to ensure their stability. The IMF monitors the global system of exchange rates and international payments that allow countries to do business with one another.Full Answer >
The purpose of World Environment Day slogans is to inspire the global community to take action to protect the environment by calling attention to the theme of the year. Every year, the United Nations Environment Program chooses a different aspect of environment protection to emphasize on World Environment Day.Full Answer >
The main goal of the North American Free Trade Agreement (NAFTA) is to reduce barriers to trade and promote economic growth between Canada, Mexico and the United States. Negotiations between these three countries began in 1994.Full Answer >
One of the most famous examples of a peace-keeping body that failed to stop war is the League of Nations. Founded after the Paris Peace Conference in 1919, it eventually proved incapable of halting Axis aggression shortly before the start of World War II.Full Answer >