Question

Select an international alliance such as the WTO, the IMF, the European Union, or the United Nations, and describe its history, organization and purpose.

Answer 1

WTO HISTORY-

It is an international level organization which was officially founded in 1995 and up-gradation over general agreement on trade and tariff(GATT).

THEe GATT was proposed in 1948

It was formed under the marrakesh agreement which was signed between 123 Nation.

Prior to the World Trade Organisation, there was general agreement on trade and tariff which was established in World War 2 under the Bretton wood conference.

WTO ORGANISATION-

The World Trade Organisation that basically deals in the trading of services and good between the member countries which follow the Framework that is formed by the them

WTO main office is in Geneva Switzerland and currently director-general currently is Roberto Azevedo.

WTO do not provide the discrimination between the member parties and have an open trade policy so that it can be mutually beneficial for the participating countries.

WTO PURPOSE-

The most important purpose of the World Trade Organisation is to eliminate the balance of trade between the countries so that they can have smooth trading of goods and services

Also, WTO tries to maintain economic peace and stability in the world by having its own policies and rules.