World Trade Organization (WTO)

Definition - What does World Trade Organization (WTO) mean?

The World Trade Organization (WTO) is a global and international organization, which deals with the rules of trade between different nations. It is the only global and international organization that does this. The World Trade Organization is built around the WTO agreements, which are negotiated and signed by a majority of the world's individual trading nations.

Safeopedia explains World Trade Organization (WTO)

The primary goal of the WTO is to assist in the business practice of international producers, exporters and importers. The Organization helps to keep business practices safe, such as with food production, and importing and exporting. This is by allowing governments to act to ensure business practices do not harm human health, wildlife or the environment.

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