Functions of World Trade Organisation | Functions of WTO

Functions of World Trade Organisation | Definition of WTO
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Functions of World Trade Organisation | Functions of WTO

The World Trade Organization was founded on January 1, 1995, in place of GATT. Its headquarters are in Geneva. The number of current member countries in the WTO is 164. The latest member of the World Trade Organization is Afghanistan. Afghanistan became the 164th member state of the World Trade Organization on July 29, 2016. On 14 July 2016, Liberia became the 163rd member country of this financial institution.  We will see the Functions of World Trade Organisation | Functions of WTO in this section. World Trade Organisation is the largest financial organization in the world.

The headquarter of World Trade Organisation is in Geneva

Objectives of World Trade Organisation:

The main objective of establishing a WTO is to make trade accessible to different countries. The decision making body of the World Trade Organisation is the ministerial conference. The ministerial conference is organized once every two years.

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