World Trade Organisation WTO History Purpose and Definition
World Trade Organisation WTO History Purpose and Definition .The World Trade Organization was founded on January 1, 1995, in place of GATT. It headquarters is in Geneva. The number of current member countries in the WTO is 164. The latest member of the World Trade Organization is Afghanistan. Afghanistan became the 164th member state of the World Trade Organization on July 29, 2016. On 14 July 2016, Liberia became the 163rd member country of this financial institution.
The main objective of establishing a WTO is to make trade accessible to different countries. The WTO conference is organized once every two years.