3. Transparency The WTO members are required to publish their trade regulations, to respond to requests for information by other members, and to notify changes in trade policies to the WTO
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The functions of the WTO
1. It oversees the implementation, administration and operation of the covered agreements
2. It provides a forum for negotiations and for settling disputes
World Trade Organization
(WTO) ——世界贸易组织
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What is the WTO
The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. The organization officially commenced on January 1, 1995 , replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.