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World Trade Organisation

The World Trade Organisation (WTO) was founded in 1995 but had its origins in the 1947 General Agreement on Trade and Tariffs (GATT). A key principle of the WTO is that of multilateral trade. The WTO describes itself as having 4 roles: conductor, tribunal, monitor and trainer. The WTO believes that:

“Global rules of trade provide assurance and stability. Consumers and producers know they can enjoy secure supplies and greater choice of the finished products, components, raw materials and services they use. Producers and exporters know foreign markets will remain open to them."

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