WTO
Proper noun
Meaning
(international law) Initialism of World Trade Organization.
(history, international law) Initialism of Warsaw Treaty Organization.
Source: en.wiktionary.orgHypernyms
Examples
The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO.
The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.
Too many countries that do not play by the free trade rules of the World Trade Organization - including, notably mercantilist China and monopolist Saudi Arabia - have been allowed in, to the detriment of both the WTO and the liberal trading environment it is supposed to sponsor.
WTO is not the forum for labour standards. Next, the U.S. will argue the time zone difference is an unfair competitive advantage enjoyed by India that enables our software engineers to work while the Americans sleep.
Unlike members of Congress, Big Business knew what the WTO agreements contained. That's because corporate lobbyists helped draft them.
Convergence of our views on global trade issues under the WTO and our common resolve to combat terrorism provide a valuable base for mutual understanding.