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World trade organization (WTO) as the name implies is an intergovernmental organization that is concerned with the regulation of international Trade between nations.
The world trade organization officially commence operation 1 January 1995 under the Marrakesh agreement
It is the largest international economic organization in the world
It has it's headquarters located at Geneva Switzerland, and has over 160 members representing 98% of world trade.
The WTO operates a global system of trade rules, it acts as a forum for negotiating trade agreements, it settle trade disputes between it's members and it supports the needs of developing countries
The world trade organization has approximately 650 staffs on its regular budget
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