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World Trade Organization (WTO) Functions

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Administering WTO Trade Agreements

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The WTO oversees the implementation, administration, and operation of the covered agreements and provides a forum for negotiations and for settling disputes.

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Providing a Forum for Trade Negotiations

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The WTO serves as a platform where member governments go to try to sort out the trade problems they face with each other.

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Handling Trade Disputes

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The WTO's procedure for resolving trade quarrels under the Dispute Settlement Understanding is vital for enforcing the rules and ensuring that trade flows smoothly.

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Monitoring National Trade Policies

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Through its Trade Policy Review Mechanism, the WTO assesses and reports on members' adherence to WTO agreements and commitments.

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Technical Assistance and Training for Developing Countries

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The WTO provides assistance to build trade capacity of developing countries through courses, workshops, and other channels.

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Cooperation with Other International Organizations

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The WTO cooperates with other international organizations like the IMF and World Bank to enhance coherence in global economic policymaking.

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Transparency in Government Procurement

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The WTO works to ensure that government procurement processes are transparent, fair, and open to all qualified bidders.

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Providing Information on Trade and Tariff Data

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Through its various databases and publications, the WTO offers access to a wealth of trade-related data and tariff information.

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Facilitating the Implementation of Trade Facilitation Agreement

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The WTO assists in the implementation of the Trade Facilitation Agreement (TFA) which aims to expedite the movement, release, and clearance of goods across borders.

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Disseminating Research and Analysis

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The WTO conducts and publishes extensive economic research and analysis on global trade issues, which helps shape global trade policies.

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Environmental and Health Standards

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The WTO promotes the establishment of fair and science-based environmental and health standards that do not create unnecessary obstacles to trade.

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Intellectual Property Rights Protection

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Under the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), the WTO sets down minimum standards for many forms of intellectual property regulation.

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Crisis Management During Trade Conflicts

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The WTO plays a role in managing and mitigating trade conflicts that can arise when countries enact protectionist measures.

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Agricultural Trade Standards

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The WTO works with member countries to negotiate and enforce rules and commitments to lower trade barriers and subsidies in agriculture.

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Promoting Least Developed Countries' Interests

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The WTO specifically works to ensure that the needs and interests of the least developed countries are taken into account in WTO negotiations.

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