World Trade Organization (WTO) Definition
The World Trade Organization (WTO) is an international organization which oversees a large number of agreements covering the "rules of trade" between its member states. It was created in 1995 as a secretariat to administer the General Agreement on Tariffs and Trade, a trade treaty which laid much of the groundwork for the WTO. WTO headquarters are located in Geneva, Switzerland. Its current Director-General is Supachai Panitchpakdi.