Abstract
The World Trade Organization (WTO) is an international organization which governs the rules of international trade between countries. Today, new markets are appearing thanks to developing countries, who also want to take part in free trade. Therefore, it is important to know how the WTO will integrate these new markets. The already developed countries, the developing countries and the less-developed countries cannot be managed in the same way. WTO has to take into account these elements to try to find the best arrangements for each category of country. The World Trade Organization (WTO) was founded in 1995. The basis of this commercial system was established in 1947 with the General Agreement on Tariffs and Trade (GATT). GATT was formed after eight rounds of negotiations. The last round, known as the Uruguay Round, began in 1986 and finished in 1995, with the establishment of the WTO, signed in Marrakech. The aim of the WTO is to promote free trade and stimulate economic growth. Thus, the WTO sets the rules of the world trading system and tries to solve conflicts linked to commercial issues between its state members. The WTO agreements deal with agriculture, textile, banking, clothing, industrial standards, food sanitation regulations, etc. The agreements are set up according to some multilateral trading system principles. Treating people equally is the main idea of this principle (most-favored nation principle).
