The Wto: Who We Are
The Wto: Who We Are
The Wto: Who We Are
The World Trade Organization (WTO) is the only global international organization dealing with
the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed
by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure
that trade flows as smoothly, predictably and freely as possible.
WHO WE ARE:
The WTO has many roles: it operates a global system of trade rules, it acts as a forum for
negotiating trade agreements, it settles trade disputes between its members and it supports the
needs of developing countries.
WHAT WE DO:
All major decisions are made by the WTO's member governments: either by ministers (who usually meet at
least every two years) or by their ambassadors or delegates (who meet regularly in Geneva).
A number of simple, fundamental principles form the foundation of the multilateral trading system.
OVERVIEW:
The primary purpose of the WTO is to open trade for the benefit of all.
DECISION MAKING:
The WTO's top decision-making body is the Ministerial Conference. Below this is the General Council and
various other councils and committees.
MINISTERIAL MEETINGS:
Ministerial conferences usually take place every two years.
GENERAL COUNCIL:
The General Council is the top day-to-day decision-making body. It meets a number of times a year in Geneva
MEMBERSHIP:
The WTO has over 160 members representing 98 per cent of world trade. Over 20 countries are seeking to join
the WTO.
ACCESSIONS:
To join the WTO, a government has to bring its economic and trade policies in line with WTO rules and
negotiate its terms of entry with the WTO membership.
WTO SECRETARIAT:
Budget
The WTO derives most of the income for its annual budget from contributions by its members. These
contributions are based on a formula that takes into account each member's share of international trade.
Director-General
Ngozi Okonjo-Iweala is the seventh Director-General of the WTO. She took office on 1 March 2021,
becoming the first woman and the first African to serve as Director-General. Her term of office will expire on
31 August 2025.
The WTO building
The WTO is housed in the historic Centre William Rappard building. A new building was added in 2013.
Annual report
The WTO Annual Report provides a comprehensive overview of WTO activities over the past year and
includes information on the WTO's budget and staffing.
35 independent countries
b. To promote and consolidate representative democracy, with due respect for the
principle of nonintervention;
d. To provide for common action on the part of those States in the event of aggression;
e. To seek the solution of political, juridical, and economic problems that may arise
among them;