Historical Events tagged with "WTO"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Establishment of the World Trade Organization
The World Trade Organization (WTO) was established to regulate international trade. It replaced the General Agreement on Tariffs and Trade (GATT) and was set up to provide a framework for negotiating trade agreements and resolving trade disputes among member nations. The WTO aims to promote free trade by lowering trade barriers and ensuring a level playing field for all countries. Its goal is to enhance global economic cooperation and facilitate smoother trade across borders.
Continue ReadingMarrakesh Agreement Establishes WTO
The Marrakesh Agreement was adopted, forming the World Trade Organization (WTO). This landmark agreement aimed to create a unified structure for international trade, replacing the General Agreement on Tariffs and Trade (GATT) established in 1947. The event took place during the Uruguay Round of trade negotiations held in Marrakesh, Morocco. Delegates from over 120 countries gathered to finalize the agreement, reinforcing the importance of trade liberalization and economic cooperation on a global scale. The new organization aimed to enhance trade relations and address trade disputes among member nations.
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