The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. The World Trade Organization (WTO) is the only global organization that deals with trade rules between nations. The WTO agreements, negotiated and signed by the majority of trading nations around the world and ratified in their parliaments, are at their core. The goal is to ensure that trade flows as smoothly, predictably and freely as possible. Where countries faced barriers to trade and needed them to be removed, the agreements helped open up trade markets. But the WTO is not just about opening up markets, and its regulations allow the preservation of trade barriers in some circumstances — for example, protecting consumers or preventing disease spread. The WTO maintains regular dialogue with non-governmental organizations, parliamentarians, other international organizations, the media and the general public on various aspects of the WTO and the ongoing Doha negotiations, to enhance cooperation and increasing awareness of WTO activities.
Agenda Item: The Appellate Body Crisis
Under Secretary General: Aleyna Yılmaz
Academic Assistant: Busenaz Tonguç