Alþjóðaviðskiptasamtök
Alþjóðaviðskiptasamtök, often referred to as the WTO, is an intergovernmental organization that regulates and facilitates international trade between member nations. It provides a framework for the negotiation and administration of trade agreements, aiming to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO's primary goal is to help producers of goods and services, exporters, and importers conduct their business.
The organization was established on January 1, 1995, succeeding the General Agreement on Tariffs and Trade
Membership in the WTO is open to any state or customs territory that can manage its trade