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What is World Trade Organization (WTO)

Encyclopedia of Information Science and Technology, Fourth Edition
The WTO deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
Published in Chapter:
ICT Standardization
Kai Jakobs (RWTH Aachen University, Germany)
Copyright: © 2018 |Pages: 13
DOI: 10.4018/978-1-5225-2255-3.ch406
Abstract
The article first looks at the links that exist between standards and standardization on the one hand and innovation and economics on the other. It then offers a brief description of a typical standards setting process. The complex ‘web' of Standards Setting Organizations in the ICT sector is discussed next. Subsequently, a flexible tool to describe the characteristics of an SSO is introduced. It can be deployed by firms to identify the SSO that is best suited for a planned standardization activity. This selection is only part of the fairly complex task of standardization management, which will be described next. Finally, the article will briefly discuss national standardization strategies.
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More Results
Preferential Trade Agreements of the Eurasian Economic Union: Economic Feasibility and Political Significance
The only global international organization dealing with the rules of trade between nations based on the WTO agreements; the goal is to help producers of goods and services, exporters, and importers conduct their business.
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Tourism Entrepreneurship in Innovation Sustainability: Challenges and Opportunities
It is an institution created with the objective of supervising and liberalizing international trade.
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ICT, Smart Systems, and Standardization
The WTO deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible.
Full Text Chapter Download: US $37.50 Add to Cart
Building Sustainability in Textile and Apparel Supply Chains
WTO is an organization that deals with global rules of trade amongst nation ensuring fair trade practices through their agreements, accepted and ratified by trading countries parliaments.
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