World Trade Organization
World Trade Organization, abbreviation: WTO, French: Organization Mondiale du Commerce, abbreviation: OMC, Spanish: Organización Mundial del Comercio, abbreviation: OMC) is responsible for overseeing member economies. An international organization that has been implemented by various trade agreements, formerly known as the Secretariat of the General Agreement on Tariffs and Trade (GATT) since 1948. Headquartered in Geneva, Switzerland, the incumbent Director-General is Roberto Azhevido. As of April 26, 2015, the World Trade Organization (WTO) had 161 members. The World Trade Organization (WTO) is the legal basis and organizational basis of the multilateral trading system. It is the manager of many trade agreements and is the supervisor of the trade legislation of each member. It is the place where the trade negotiations and disputes are settled. Is one of the most important contemporary international economic organizations, the trade between its members accounted for the vast majority of world trade, known as the "economic United Nations." ...