Explain the organizational structure of WTO. What is the role of trade policy review committee?
The World Trade Organization (WTO) is an international organization that regulates global trade and ensures smooth trade relations between nations. It was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT). The WTO's organizational structure is designed to facilitate decision-making, dispute resolution, and trade policy monitoring.
### Organizational Structure of WTO
The WTO's structure comprises several key components:
1. Ministerial Conference – This is the highest decision-making body of the WTO and consists of representatives (usually trade ministers) from all member countries. It meets at least once every two years to review and make major trade decisions.
2. General Council – This body oversees the WTO's day-to-day operations and implements decisions made by the Ministerial Conference. It consists of representatives from all member countries and meets regularly in Geneva, Switzerland. The General Council also acts as:
- Dispute Settlement Body (DSB) – Handles trade disputes between countries.
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