However, the WTO continues to play an active role in world trade, not only by enforcing and resolving trade disputes on the basis of agreements already in place, but also as the ultimate effort for all countries to achieve greater trade liberalization around the world. The WTO Agreements are often referred to as the Final Act of the Uruguay Round of trade negotiations 19861994, although strictly speaking the Final Act is the first of the agreements. You can download these texts as WordPerfect or PDF files. > Go to a basic explanation of the agreements. > . However, as this is > a multilateral free trade agreement in which all member countries are associated, there are often deadlocks between countries to reach a universal agreement, particularly between developed and developing countries, to set trade conditions, particularly with regard to sensitive issues such as agriculture. Thus, we are seeing more and more bilateral or regional free trade agreements between countries that are relatively easier to conclude between the parties than the global agreement. ”The World Trade Organization (WTO) is the only global international organization that deals with the rules of trade between nations. The focus is on the WTO agreements, which have been negotiated and signed by the majority of the world`s trading nations and ratified by their parliaments. The aim is to assist producers of goods and services, exporters and importers in carrying out their activities. [Excerpt from the introduction on the WTO homepage.] The WTO is mentioned in the news almost every day, and almost always at multilateral summits between countries.
The WTO is seen as the forum for promoting trade among the countries of an increasingly globalized and interdependent world. The idea of such a multilateral trade organization arose first from the General Agreement on Tariffs and Trade (GATT) in 1948, then from several agreements and trade cycles such as the Marrakesh Agreement (1995) and the Uruguay Round (1986-1994). The WTO was formally established in 1995. CONTACT: World Trade Organization, rue de Lausanne 154, CH-1211 Geneva 21, Switzerland Hyun-Ki ”Brian” Kim wrote this research guide as part of the requirements of the Fall 2013 Advanced Legal Research Course in Foreign, Comparative and International Law. Mr. Kim, who is fluent in English and Korean, was a member of the Journal of Transnational Law & Contemporary Problems (TLCP) and graduated from the University of Iowa School of Law in December 2014. .