global trade

Facts and Interesting Points About World Trade Organization

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The World Trade Organization (WTO) is crucial for global trade, promoting economic cooperation and development since its establishment in 1995. It succeeded the General Agreement on Tariffs and Trade (GATT), expanding its scope to include services, intellectual property, and dispute resolution. The WTO aims to liberalize trade, ensure non-discrimination among trading partners, and provide a stable trade environment. Key agreements under its purview cover goods, services, intellectual property, and agriculture, streamlining customs and technical procedures. The WTO’s Dispute Settlement Body handles trade disputes, ensuring rule enforcement and transparency. Despite challenges like stalled negotiations, geopolitical tensions, and the need for digital trade frameworks, the WTO remains essential in facilitating global trade and resolving conflicts.

Facts and Interesting Points About International Monetary Fund (IMF)

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Explore the comprehensive role of the International Monetary Fund (IMF) in ensuring global economic stability and growth. This article delves into the IMF’s key functions, including financial assistance, policy advice, and capacity development, as well as its efforts to tackle global challenges such as poverty, climate change, and income inequality. Discover how the IMF fosters international monetary cooperation and supports sustainable economic policies worldwide.