The WTO is based in Geneva and covers 98 per cent of world trade
Background
The World Trade Organization (WTO) is located in Geneva, Switzerland, and was established on 1 January 1995. It was created by the Uruguay Round negotiations (1986-94). It has 166 members representing 98 per cent of world trade. Its top decision-making body is the Ministerial Conference, which usually meets every two years; below it is the General Council, which meets several times a year in Geneva. Decisions are normally taken by consensus.
Headquarters:
Geneva, Switzerland
Members:
166
Share of world trade:
98 per cent
Why it matters for exams: WTO headquarters, membership and decision-making structure are standard economy and international-organisation questions.
Kerala PSCUPSC
In plain words
Uruguay Round Trade negotiations (1986-94) — The negotiations that created the WTO.