||The World Trade Organization (WTO) is more than a negotiating body. The WTO provides a framework for settling trade disputes and over 160 member countries use the WTO as a platform to share information and exchange views on implementation of commitments. All of these elements create a more predictable environment for sellers and buyers engaged in global trade.
The trade of agricultural products follows rules in the Agreement on Agriculture and other chapters of the most recent trade round that was concluded in the mid-1990s. These rules govern domestic support programs, import tariffs, tariff rate quotas, phytosanitary measures, export subsidies and several other aspects of agricultural trade.
The WTO remains an important institution to provide transparency, settle disputes, and liberalize trade.