WTO spells out World Trade Organization and translates it. Introduction to World Trade Organization WTO is the abbreviation of World Trade Organization. WTO is a permanent international organization independent of the United Nations.
It officially started operations on January 1, 1995 and is responsible for managing the world economic and trade order. It is headquartered on the shores of Lake Leman in Geneva, Switzerland.
The WTO is an international organization with legal person status and has higher authority in mediating member disputes.
The WTO, together with the World Bank and the International Monetary Fund, are known as the "three pillars" of today's world economic system.
In addition, the World Tourism Organization, Warsaw Treaty Organization, and World Toilet Organization are also referred to as WTO.