14,326
edits
Changes
no edit summary
==History==
==History==
The origin of the World Trade Organization roots back to October 1947 when twenty-three countries signed the General Agreement on Tariffs and Trade popularly known as GATT. The agreement was signed in Geneva, Switzerland and it was intended to give a new direction to liberalization of international trade.
The World Trade Organization supplanted GATT, or the General Agreement on Tariffs and Trade, which was signed into law in October 1947 by 23 countries in order to reduce custom tariffs between them.
Afterwards, proposal for establishment of International Trade Organization was out forward by delegates from fifty-six countries in November 1947 at Havana, Cuba.
Afterwards, proposal for establishment of International Trade Organization was out forward by delegates from fifty-six countries in November 1947 at Havana, Cuba.