World Trade Organization (WTO)

The World Trade Organization is an intergovernmental organization that regulates and facilitates international trade between nations by providing a framework for negotiating trade agreements and resolving trade disputes.

Why it matters

It serves as the primary forum for member governments to negotiate the reduction or elimination of obstacles to trade.
It administers a formal dispute settlement mechanism to ensure compliance with international trade rules and prevent unilateral protectionist measures.
It monitors national trade policies through periodic reviews to enhance transparency and predictability in the global trading system.

How it is asked

Focus on the principles of Most-Favoured-Nation (MFN) treatment and National Treatment, the role of the Ministerial Conference as the highest decision-making body, and the challenges regarding the Appellate Body and consensus-based decision-making.

In the syllabus

In the news

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