In modern conditions, countries with market economies are looking for support and the most favorable conditions in the person of their economic partners. Integration processes in the world economy led to the formation of the WTO - the World Trade Organization.
The purpose of the creation of the World Trade Organization is the liberalization of trade and economic relations of all member countries of this organization. At the moment, the WTO includes 153 countries, its headquarters is located in Geneva, and the official languages are English, French and Spanish.
The main task of the WTO is to introduce a unified system of rules for trade and trade and economic relations throughout the world. This task, in the opinion of the WTO members, is feasible only if a number of principles are observed.
The first principle is equality. This means that any country must provide such terms of trade for other countries, which would not in any way hinder it. If one country gains an advantage in a trading position, then any other country has the right to claim the same benefits in trade, and it cannot refuse.
The second principle is reciprocity. Any economic concessions between two WTO member countries must be reciprocal.
The third principle is transparency. Any country participating in the WTO should freely provide other countries with all information about the rules of trade within its borders.
Of course, contradictions often arise between countries on certain economic issues. When a dispute arises, countries turn to the Dispute Settlement Commission, which aims to resolve conflicts impartially and quickly. During the existence of the WTO, this Commission has been convened 6 times.
The expediency of the existence of the WTO was questioned in connection with the economic crisis, when many countries of the world were forced to introduce protective measures within their economic spaces. Opponents of the existence of the World Trade Organization are antiglobalists and environmentalists. The essence of the latter's claims is the assertion that accelerated economic and trade processes between its member countries harm the natural environment.
