Question

How is the WTO organized?

Answer 1

WTO (World Trade Organization) is an international body organization that facilitates trade between different nations. It is responsible for governing the rules associated with international trade and provides a platform for governments from different nations to negotiate the trade agreements. The main objective of WTO is to ensure that a smooth trade occurs among nations. The structure of the WTO is as follows: in the topmost hierarchy lies the Ministerial Conference that consists of representatives from all the WTO nations/members. It takes "decisions on all matters under any of the multilateral trade agreements." Following this, next in hierarchy is the General Council, which also consists of the WTO nations/members. It reports directly to the Ministerial Conference and is responsible for the daily works of the WTO. The Council Trade in Goods, Council for Trade-Related Aspects of Intellectual Property Rights and Council for Trade in Services are next in hierarchy. The General Council delegates responsibilities to these three subsidiaries. The Council for Trade in Goods is responsible for international trade in goods, the Council for Trade-Related Aspects of Intellectual Property Rights is responsible for the information, news and official records related to intellectual property in the WTO. The Council for Trade in Services is responsible for the international trade in services.

This is how the WTO is organized.