WTO World Trade Organization

WTO World Trade Organization

The World Trade Organization (WTO) is the international body responsible for the rules governing trade between countries, its main objective is to ensure that trade is conducted in the most fluid, predictable and free way possible

The pillars on which it rests are the WTO Agreements, which have been negotiated and signed by most countries involved in world trade and ratified by their respective Parliaments.

It currently has 162 members, representing about 98% of global trade flows.

The purpose of the WTO is to help trade flows flow with fluidity, freedom, equity and predictability. To comply with this, the institution is responsible for:

Manage and implement multi- and plurilateral trade agreements

Serving as a forum for multilateral trade negotiations

Resolving trade disputes

Delivering technical assistance and training courses for developing countries

Cooperate with other international institutions involved in the adoption of economic policies and/or have a direct relationship with trade at the global level.

Oversee national trade policies

Resolving trade disputes

Benefits of WTO membership

Ensure that trade flows circulate as easily, predictability and freedom as possible.

Generate greater credibility of trade policy (enterprises, individuals and governments)

Reduce and eliminate trade barriers.

Mexico has been a member of the WTO since 1 January 1995 with already a network of 12 Free Trade Agreements with 46 countries, 32 Agreements for the Promotion and Reciprocal Protection of Investments (APPRIs) with 33 countries and 9 agreements under the Latin American Association Integration. (Read more of this here)

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