English version

World Trade Organization, the

From Longman Dictionary of Contemporary EnglishWorld Trade Organization, thethe World Trade OrganizationˌWorld ˈTrade Organiˌzation, the (abbrev. WTO)  an international organization, established in 1995 and based in Geneva, that deals with the rules of trade between different nations, and encourages them to trade fairlyFrom Longman Business DictionaryWorld Trade OrganizationˌWorld ˈTrade Organiˌzation abbreviation WTO nounECONOMICSORGANIZATIONS an organization that was formed in 1995 to control trade agreements between countries and to set rules on international trade. It replaced GATT (=the General Agreement on Tariffs and Trade)
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