World Trade Organization (WTO) - Bernard M. Hoekman - Bog

The World Trade Organization (WTO) is one of the most important international organizations in existence today. It contains a set of disciplines that affect the ability of governments to impose trade restrictions, and has helped to support the steady expansion of international trade since the 1950s. It is a unique organization in providing a framework for Member states to make binding policy commitments that are enforced through a unique dispute settlement system and a variety of transparency mechanisms.