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Glite Dictionary
WTO

WTO

39 4.2
An international group that makes and enforces rules for trade between countries
  • noun
  • /ˌdʌbəljuː tiː ˈoʊ/
translation icon : Organización Mundial del Comercio
  • Nowhere is the WTO's power to transform nations more evident than in its accession process.
  • World Trade Organization (WTO)
  • WTO and NAFTA
  • World Trade Organization (WTO)

Brazil sued in the WTO and won.

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Examples

  • Today, China's WTO tariff structure is bound by an average rate of ten percent.

    Academic text (2008)

  • Things have been quite different with the WTO, which was formed in 1995.

    Academic text (2008)

  • We may find ourselves before the WTO on this issue, as we have on others.

    Academic text (1999)

  • And President Trump has described the WTO as a disaster.

    Triggernometry

  • Despite the problems and criticism, the WTO continues to grow, making it more powerful than ever.

    Battle in Seattle (2007)

  • The first part describes the structure of the WTO and its legal framework.

    Fiction book (2000)

  • I believe the WTO must review its TRIPS agreements so that public health comes before commercial interests.

    Battle in Seattle (2007)

  • With over 150 member nations, the WTO controls 90% of world trade.

    Battle in Seattle (2007)

  • Along with this expansion of free trade, the WTO avows to help developing countries benefit fully from the global trading system.

    Battle in Seattle (2007)

  • The WTO plays a crucial role in overseeing international trade agreements between its member nations.

Synonyms

World Trade Organization
vsWTO
24 3.7

An organization in Geneva that sets and enforces rules for trade between countries

is a short abbreviated label used instead of the complete title

Surface Forms

WTO singular
WTOs plural

Morphology

WTO = W + T + O

The item is an initialism (letters W/T/O) and the letters themselves do not transparently convey the meaning 'World Trade Organization' to learners who do not already know the expansion.

Etymology

WTO stands for World Trade Organization, and the parts tell you its job: World means 'the whole planet', Trade means 'buying and selling', and Organization means 'a group with rules'. So the WTO is like a referee or club of countries that makes and watches the rules for trade between countries.