the World Trade OrganizationˌWorld ˈTrade Organiˌzation, the (abbrev. WTO)
an international organization, established in 1995 and based in Geneva, that deals with the rules of trade between different nations, and encourages them to trade fairly
From Longman Business Dictionary
World Trade OrganizationˌWorld ˈTrade Organiˌzationabbreviation WTO nounECONOMICSORGANIZATIONS
an organization that was formed in 1995 to control trade agreements between countries and to set rules on international trade. It replaced GATT (=the General Agreement on Tariffs and Trade)