The World Trade Organization (WTO) Explained in One Minute

More and more people are talking about the World Trade Organization these days due to the many controversies surrounding global trade. The WTO will most likely end up having to play its role as a mediator sooner rather than later, so it would be a good idea to understand what exactly the World Trade Organization is and what this organization does.

A lot of people think they know what the WTO is supposed to do but actually don't. And since discussions about the World Trade Organization tend to be heated in our current political climate, misconceptions abound.

Let's try to be objective and put the World Trade Organization under the microscope.

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