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General Awareness



Financial Term of the Week

World Trade Organisation

















 The World Trade Organization (WTO) is the only global international
organization dealing with the rules of trade between nations.

 The goal is to help producers of goods and services, exporters, and
importers conduct their business.


 Location: Geneva, Switzerland
 Established: 1 January 1995
 Created by: Uruguay Round negotiations (1986-94)

 Membership: 162 countries on 30 November 2015
 Budget: 197 million Swiss francs for 2014
 Secretariat staff: 634

 Head: Roberto Azevêdo (Director-General)
Functions:
 Administering WTO trade agreements

 Forum for trade negotiations
 Handling trade disputes

 Monitoring national trade policies
 Technical assistance and training for developing countries
 The next WTO Summit is going to take place from 15-18 December in
Nairobi.



Date of Release - 15-Dec-15 SUBJECT: GA www.bankersguru.org
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