THE WORLD TRADE ORGANIZATION. BACKGROUND, STATUS AND PROSPECTS

The multilateral trade system established at the end of 1947 by the General Agreement of Tariffs and Trade (GATT) has always pursued as its main objective the liberalisation of world trade through the international cooperation, a cooperation which has been encouraged and consolidated by the creation of the World Trade Organisation (WTO). At present the WTO constitutes, without any doubt, the most important universal operational entity of economic order called globalisation.
The WTO entails an important transformation with respect to the GATT, it brings new elements which, together with those established since 1947, tend to consolidate and strengthen the present international trade system.

Journal: 
4
Authors: 
María Isabel Heredero
Attached file: 

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