ITEL: The WTO

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Last updated: September 26, 2024

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Created	1995
Number of members	166
Functions	Implementation of WTO Agreements
	Negotiation
	Dispute Settlement
	Cooperation
	Assist development
	Policy review
Objectives	Increase living standards
	Full employment
	Real income growth
	Production expansion
Structure	Ministerial Conference
	Secretariat
	Secretary General
	Appellate Body
	General Council

What report is published by the Secretariat?	Trade Policy Review Mechanism (TPRM)
What is unique about the WTO's setup?	No executive
What percentage of members consider themselves 'developing'?	75
Does the WTO have a definition of 'developing'?	No
What percentage of members are LDCs?	20
How many stages are there in the accession process?	4
What are they?	Memorandum
	Conformity of national law/policy
	Terms of membership
	Decision