The World Trade Organization (WTO) is an intergovernmental body that sets and oversees the rules for international trade between nations. It was established on 1 January 1995, is headquartered in Geneva, Switzerland, and has 166 members representing about 98% of world trade. The World Trade Organization sits at the center of the global trading system. It is the only international organization dedicated to the rules of trade between nations, giving governments a common framewo