World Trade Organization

international organization which handles and promotes international commerce

The World Trade Organization (WTO), (OMC - , ), is an international organization designed to supervise and liberalize international trade. The WTO came into being on January 1, 1995, and is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947, and continued to operate for almost five decades as a de facto international organization.
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Noun
1. an international organization based in Geneva that monitors and enforces rules governing global trade
(synonym) WTO
(hypernym) world organization, world organisation, international organization, international organisation, global organization

A multilateral agency that administers world trade agreements, fosters trade relations among nations, and solves trade disputes among member countries.