This report analyzes the World Trade Organization (WTO) , tracing its origins from the General Agreement on Tariffs and Trade (GATT) and detailing its establishment in 1995 as the central body for multilateral trade governance . It explains the WTO's core principles like non-discrimination and transparency, outlining its key functions such as administering trade agreements, serving as a negotiation forum, and operating a dispute settlement system . The text also addresses the classification of members into developed and developing countries , the current challenge posed by the inoperative Appellate Body , and the WTO's relationships with the IMF and World Bank , while also discussing its rules on tariffs and the mechanism for retaliation against unilateral increases. Podcast
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