World Trade Organization (WTO)
An international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible. Investopedia Says:
Some, especially multinational corporations, believe that the WTO is great for business. Others believe the WTO will undermine the principles of democracy and simply make the rich much richer. Related Terms:
Countervailing Duties
Embargo
Fair Trade Investing
General Agreement on Tariffs and Trade - GATT
National Treatment
Organization for Economic Co-operation and Development - OECD
Protectionism |