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World Trade Organization

Brazilian Ambassador Roberto Azevedo, the upcoming U.N. World Trade Organization (WTO) director-general, speaks during a press conference in Brasilia, on May 17, 2013. Azevedo has been named as the new head of the World Trade Organisation, the first Latin American to hold the post. He beat Mexican nominee Herminio Blanco in the final round, marking the growing role of the region in the world economy.

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About World Trade Organization

The World Trade Organization (WTO), (OMC - French: Organisation mondiale du commerce, Spanish: Organización Mundial del Comercio), is an international organization designed to supervise and liberalize international trade. The WTO came into being on January 1, 1995, and is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947, and continued to operate for almost five decades as a de facto international organization.

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