WTO general
What is the WTO?
The World Trade Organisation (WTO) is the successor to the General Agreement on Tariffs and Trade (GATT). It was founded on 1 January 1995 with headquarters in Geneva. It provides the legal ground rules for international trade which are binding under international law. Currently, the WTO has 166 members. The WTOs aggregate budget for 2024 amounted to appr. 205 mio. CHF. As of 1 March 2021 the organisation is headed by Director General Ngozi Okonjo-Iweala.
It administers multilateral trade agreements including: 1994 General Agreement on Tariffs and Trade (GATT); special agreements, such as the Agreement on Agriculture, Agreement on Sanitary and Phytosanitary Measures (SPS), Agreement on Textiles and Clothing, Agreement on Technical Barriers to Trade (TBT), Agreement on Trade-Related Investment Measures (TRIMs), General Agreement on Trade in Services (GATS), Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), Dispute Settlement Understanding, Trade Policy Review Mechanism.
The Agreement on Government Procurement is a plurilateral agreement, meaning that it is binding only for member states that have ratified it. The same applies to the Information Technology Agreement (ITA) concluded in 1996.
Additional Information
Contact
Trade and Investment Policy: handelspolitik@bmwet.gv.at