World Trade Organization
24
3.7
- proper noun
:
Organización Mundial del Comercio
- The World Trade Organization monitors international trade agreements to ensure they are followed by all nations.
- World Trade Organization (WTO)
- World Trade Organization membership
- entry into the World Trade Organization
Examples
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Hamilton was an advisor to Canada on the World Trade Organization negotiations.
Academic text (2001) -
There will be no new Millennium Round of trade talks for the World Trade Organization.
-
There is discussion of a similar working group within the World Trade Organization.
Academic text (1996) -
China needed to develop overseas markets, to enter the World Trade Organization, and to exploit the oil resources in the South China Sea.
Academic text (2001) -
Under the Bush administration, the U.S. government maintained support for Chinese entry into the World Trade Organization, which took place in December 2001.
Academic text (2003) -
The penalties would be coordinated with the World Trade Organization and the International Monetary Fund.
Blog text (28) -
According to the World Trade Organization, the Saudi economy is increasingly dependent on international trade: the ratio of merchandise
Academic text (2013) -
In 2002, China became a member of the World Trade Organization (WTO).
Academic text (2003) -
Negotiations over China's entry into the World Trade Organization have stalled.
Academic text (1999) -
But some fear history will repeat itself this week in Seattle as the World Trade Organization prepares to hold its first ever ministerial meeting on U.S. soil.
Synonyms
39
4.2
An international group that makes and enforces rules for trade between countries
Surface Forms
Morphology
world + trade + organization
The phrase is a straightforward noun phrase composed of transparent constituents: 'world' (global), 'trade' (buying and selling), and 'organization' (a collective body). A B1 learner who knows these words can readily infer it denotes an organization dealing with global trade; the same compositional logic exists in many languages, so the meaning is immediately recoverable.
Etymology
World Trade Organization is named for what it does: an organization that helps manage trade between countries around the world. Think of it as a referee where nations meet to agree on rules and to 'make sure rules are followed', so the name tells you it watches and helps settle trade disputes.