The Rise of The WTO: A New Era in International Trade Regulation
DOI:
https://doi.org/10.17605/cajssh.v6i1.1165Keywords:
WTO, GATT, International Commercial Rules, The World Trade System, International Economic Cooperation, MFN, Uruguay Round, Marrakech Agreement, GATS, TRIPS, Regional Trade AgreementsAbstract
The World Trade Organization (WTO), established in 1995, is an fundamental step in the evolution of international trade rules. This article examines the historical evolution of international trade legislation, from its origin in ancient civilizations to a new multilateral trade system. This article considers the transition from a general agreement on tariffs and trade (GATT) to the WTO, highlighting the role of the organization on reducing trade barriers and promoting economic cooperation. This article highlights the importance international organizations in promoting international trade-based trading systems by analyzing the historical background of the WTO and its contribution to global economic stability.
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