WTO Abbreviation

Looking for WTO abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of WTO in various groups like Banking, Associations & Organizations, Military and Defence, Airport Code, Miscellaneous, and Society & Culture.

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Popular abbreviations of WTO:

Searching for WTO abbreviation / WTO full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

wto-full-form

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What does WTO mean?

The greater goal of the modern world economy is to attain Globalisation through Liberalization & Privatisation. This, in technical terms, is known as LPG (Liberalization Privatisation Globalisation). The World Trade Organisation, abbreviated as WTO, had been established to liberalize trade between member countries.

History

To promote free and fair trade between countries, Uruguay Round Negotiations(1986-94), Washington Consensus(1985) played a huge role to frame an idea of liberal economic policy. Consequently, General Agreement for Trade & Tariff(GATT) had been devised among leading countries.

On January 1, 1995, GATT was replaced by a worldwide democratic organization, WTO. As these conferences were centered around Spanish-speaking Latin America, Organización Mundial del Comercio, the Spanish term for World Trade Organisation got popularized.

Members

As of today, 164 countries are members of WTO and about 98% of total international trade happens by the legal agreements of WTO. India joined WTO on the very first day of its establishment, however, India‚Äôs decision to join gave birth to huge controversies back then. 

Every decision of WTO is approved by a majority in the Ministerial Conference(MC). The 12th WTO MC Geneva 2022 is scheduled to be co-hosted by Kazakhstan.

Working Methods

WTO governs import duties and tariffs regarding International trade to set up a stage for liberal trades and discourage indigenous protectionism. Henceforth, countries are categorized into the following groups –

  • Developed Countries 
  • Developing Countries 
  • Under-developed Countries

The rate of import duties and tariffs are set lower for developed countries, moderate for developing countries, and higher for the latter one.

Price Regulation

World price regulation is one of the main goals of WTO. Hence, it examines the subsidies provided by the government of member countries. In layman’s terms, the higher the subsidies, the lower the market price. This leads to a catastrophic effect on imported goods and their market. To prevent such market distortions WTO has grouped subsidies into some categories (known as boxes) viz.

  • Green Box(makes no market distortions)
  • Red Box(makes huge distortions)
  • Amber & Blue Box(makes relatively lower distortions)
  • S&D Box(social and development box)

Some FAQs

  • Who is the present Director-General of WTO?

Ngozi Okonjo-Iweala

  • Where is the headquarters of WTO situated?

Geneva, Switzerland

All Abbreviations of WTO in 11 categories:

If you are looking for WTO meaning in a specific category, check out the detailed sections below. We have segregated the acronyms based on their category and grouped them in each section.

WTO abbreviation in Banking:

What does WTO mean in Banking category? We have listed down 1 abbreviations. Here are the details:

Term Abbreviation
WTO World Trade Organisation

WTO abbreviation in Associations & Organizations:

What does WTO mean in Associations & Organizations category? We have listed down 4 abbreviations. Here are the details:

Term Abbreviation
WTO World Tourism Organisation
WTO World Toilet Organization
WTO World Tyrannical Order
WTO Washington Trade Opposition

WTO abbreviation in Military and Defence:

What does WTO mean in Military and Defence category? We have listed down 1 abbreviations. Here are the details:

Term Abbreviation
WTO Warsaw Treaty Organization

WTO abbreviation in Airport Code:

What does WTO mean in Airport Code category? We have listed down 1 abbreviations. Here are the details:

Term Abbreviation
WTO Wotho Island

WTO abbreviation in Miscellaneous:

What does WTO mean in Miscellaneous category? We have listed down 2 abbreviations. Here are the details:

Term Abbreviation
WTO Were Taking Over
WTO Worlds Troubles Originator

WTO abbreviation in Society & Culture:

What does WTO mean in Society & Culture category? We have listed down 1 abbreviations. Here are the details:

Term Abbreviation
WTO White Tie Optional

WTO abbreviation in Business:

What does WTO mean in Business category? We have listed down 1 abbreviations. Here are the details:

Term Abbreviation
WTO World Trade Order

WTO abbreviation in Governmental:

What does WTO mean in Governmental category? We have listed down 2 abbreviations. Here are the details:

Term Abbreviation
WTO World Terror Order
WTO Weapons Training Officer

WTO abbreviation in Computing:

What does WTO mean in Computing category? We have listed down 1 abbreviations. Here are the details:

Term Abbreviation
WTO Watch This Organization

WTO abbreviation in Regional:

What does WTO mean in Regional category? We have listed down 1 abbreviations. Here are the details:

Term Abbreviation
WTO Wotho Island, Wotho Island, Marshall Islands

WTO abbreviation in Computer Assembly Language:

What does WTO mean in Computer Assembly Language category? We have listed down 1 abbreviations. Here are the details:

Term Abbreviation
WTO Write To Operator

Frequently Asked Questions (FAQ)

Q. What is the abbreviation of WTO in Banking?
The full form of WTO is World Trade Organisation in Banking category.

Q. What does WTO stands for in Associations & Organizations?
World Tourism Organisation | World Toilet Organization | World Tyrannical Order | Washington Trade Opposition

Q. What is the WTO meaning in Military and Defence?
The meaning of WTO is Warsaw Treaty Organization in Military and Defence category.

Q. What is the abbreviation of WTO in Airport Code?
The full form of WTO is Wotho Island in Airport Code category.

Q. What is the abbreviation of WTO in Miscellaneous?
Were Taking Over | Worlds Troubles Originator

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