Created by Uruguay Round of Negotiations (1986-1994), WTO was established on January 1, 1995 with headquarters in Geneva, Switzerland. As on January 1, 2016, 162 countries of the world were members of the WTO. The creation of WTO in 1995 marked the biggest reform of international trade since 1948. During those 47 years, international commerce was regulated under the General Agreement on Tariffs and Trade (GATT) which helped to.
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