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Part III World Trade Law and Regional Trade Agreements, XII The World Trade Organization

From: Principles of International Economic Law (1st Edition)

Matthias Herdegen

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From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 25 November 2020

Subject(s):
International trade — Membership of international organizations — Subsidiary organs of international organizations
The World Trade Organization (WTO) is the centre of the new world trade system and operates as the institutional basis for the relations among its members, as governed by all the trade agreements and instruments included in the annexes to the WTO Agreement.1 Article II:1 of the WTO Agreement provides:The WTO shall provide the common institutional framework for the conduct of trade relations among its Members in matters related to the agreements and associated legal instruments included in the Annexes to this Agreement. The contracting parties to GATT 1947 as well...
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