Glossary Term – Organization
World Trade Organization
The World Trade Organization (WTO) was established in 1995 as an international body charged with supervising world trading systems. With more than 140 member nations, the WTO establishes and enforces international trade agreements and works to liberalize trade and resolve disputes, create cooperation with global economic institutions, and bring developing countries into global trade. The WTO has also been subjected to criticism from those who oppose globalization and view its purposes as cultural imperialism.