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World Trade Organization

(Encyclopedia)World Trade Organization (WTO), international organization established in 1995 as a result of the final round of the General Agreement on Tariffs and Trade (GATT) negotiations, called the Uruguay Roun...

World Trade Center

(Encyclopedia)World Trade Center, former building complex in lower Manhattan, New York City, consisting of seven buildings and a shopping concourse on a 16-acre (6.5-hectare) site; it was destroyed by a terrorist a...

World Health Organization

(Encyclopedia)World Health Organization (WHO), specialized agency of the United Nations, established in 1948, with its headquarters at Geneva. WHO admits all sovereign states (including those not belonging to the U...

World Meteorological Organization

(Encyclopedia)World Meteorological Organization (WMO), specialized agency of the United Nations; established in 1950 with headquarters at Geneva, it became affiliated with the United Nations a year later. It replac...

trade

(Encyclopedia)trade, traffic in goods. Conducted by gift, barter, or sale, trade is one of the most widespread of all social institutions. The theory of commerce as imposed by the national state has varied from...

World Intellectual Property Organization

(Encyclopedia)World Intellectual Property Organization (WIPO), specialized agency of the United Nations, with headquarters at Geneva. WIPO became an agency in 1974, but its roots go back to 1883 when the need for i...

free trade

(Encyclopedia)free trade, in modern usage, trade or commerce carried on without such restrictions as import duties, export bounties, domestic production subsidies, trade quotas, or import licenses. The basic argume...

fair trade

(Encyclopedia)fair trade, a trading arrangement intended to provide more equitable international trade by creating better conditions for disadvantaged or marginalized producers of goods. Fair trade practices includ...

World Wildlife Fund

(Encyclopedia)World Wildlife Fund (WWF), international organization formed to raise money for conservation projects, est. 1961. The international organization, believing that its name no longer reflected the scope ...

reciprocal trade agreement

(Encyclopedia)reciprocal trade agreement, international commercial treaty in which two or more nations grant equally advantageous trade concessions to each other. It usually refers to treaties dealing with tariffs....