💡WTO = an international organization that makes the rules of trade between countries.
The WTO does 3 things: manage trade negotiations, resolve disputes, and enforce policies. 🗣️👀
It’s like the UN for the trading economy. 💸
Raw materials companies, like oil, gas and agricultural companies heavily rely on WTO rulings. 📝
This is because these materials get traded internationally a lot! 🌎
For example, the WTO recently ruled against oil dumping in Argentina. 🤔
This may affect US oil companies like Chevron.
🖇️ WTO.org lists ongoing disputes, so you can investigate potential stock issues.
Simply search for commodities like oil, gas and even corn! 🌽
The WTO also reviews members' trade policies to ensure they’re following the rules.
It's a bit like a teacher checking homework! 👩🏫✅
The WTO isn't just about making rules, though.
It also provides assistance to developing countries to help them benefit from global trade. 📖💡
So, now you know how the WTO works to make sure global trade is fair and efficient! 👍