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World Trade Organization

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Background

The World Trade Organization (WTO), (OMC - French: Organisation mondiale du commerce, Spanish: Organización Mundial del Comercio), is an international organization designed to supervise and liberalize international trade. The WTO came into being on January 1, 1995, and is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947, and continued to operate for almost five decades as a de facto international organization.
Read full background at Wikipedia

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