The World Trade Organization (WTO), abbreviated as WTO in Chinese, is one of the most important international economic organizations in contemporary times. It has 164 members, and the total trade volume of its members reaches 98% of the world, so it is called "Economic United Nations".
The International Monetary Fund (IMF) was established in Washington, D.C. on February 27th, 1945 according to the IMF Agreement signed at the Bretton Woods Conference in July. Its duty is to monitor the currency exchange rates and trade conditions of countries and provide technical and financial assistance to ensure the normal operation of the global financial system. ?
World Bank (English name: World Bank) is the abbreviation of World Bank Group and the general name of International Bank for Reconstruction and Development. It is a specialized agency of the United Nations dealing with international financial business, and also a subordinate agency of the United Nations. It consists of five member institutions: International Bank for Reconstruction and Development, International Development Association, International Finance Corporation, Multilateral Investment Guarantee Agency and International Investment Dispute Settlement Center.
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The World Trade Organization 1 99565438+1October1officially started to operate. The organization is responsible for managing the world economic and trade order, and its headquarters is located on Lake Lemmon in Geneva, Switzerland. Its basic principle is to realize the goal of world trade liberalization by implementing the principles of market opening, non-discrimination and fair trade. 1996 65438+ 10 1, which officially replaced the provisional institutions of GATT.
WTO is an international organization with legal person status and has higher authority in mediating disputes among its members. Its predecessor was the General Agreement on Tariffs and Trade concluded in 1947. Compared with GATT, WTO covers trade in goods, services and intellectual property rights, while GATT only applies to trade in goods.
Since 200 1, 65438+2, 1 1, China has officially joined the WTO, which indicates that China's industrial opening-up has entered a new stage.
Baidu Encyclopedia-World Trade Organization