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The World Trade Organization was established in 1995. It【B1】______ out of th
The World Trade Organization was established in 1995. It【B1】______ out of th
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2023-09-10
47
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The World Trade Organization was established in 1995. It【B1】______ out of the General Agreement on Tariffs and Trade or GATT. GATT was created in 1948 after the end of World War Ⅱ. It led to a series of international trade negotiations, which【B2】______ a world trading system. The WTO supervises and makes【B3】______ to that system.
The WTO organizes trade negotiations and settles trade【B4】______ . It supervises trade agreements reached by member nations. It also provides developing countries with technical assistance and training programs in trade【B5】______ . And, it cooperates with other international organizations.
The top decision-making group of the WTO is the Ministerial Conference. It【B6】______ at least once every two years in different cities around the world. WTO members reach agreements by debate and 【B7】______ . WTO agreements then go to the governments of each country for【B8】______ or rejection.
【B9】______ . GATT was designed to lower import taxes and remove other barriers to trade in goods. However, 【B10】______ . This industry includes banks, communications companies, hotels and transport businesses. The WTO also supervises an agreement on what is called intellectual property.【B11】______ . [br] 【B6】
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