World trade organization [WTO]

World trade organization was established on 1st January , 1995 in Switzerland, particularly in Zeneva to maintain business relationship to many countries in the world. this organization is a legal organization that works to bring legalization in business or commerce or in trading system. it also contributes for the easy way of trading in the world. most  of the countries have received membership of this organization.

WTO aims at conducting business among its member nations with the notion of fair competition in the open market. it makes the business globalized in the globalized context. this organization encourages the foreign trade of import and export. all the agreements, treaties and laws made in the field of trade and business are monitored and implemented under this organization. it solves any problem or conflicts created between the member countries while doing business. the business policy, system and methods of member nations are supervised and suggestion are provided by this organization.

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