GlossaryEN1 min readUpdated: Jun 26, 2026
WTO (World Trade Organization)
Unlike national customs authorities that enforce law, the World Trade Organization (WTO; French/Spanish: OMC) establishes the multilateral rules underpinning international trade.
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Source: https://www.wto.org
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Definition & Explanation
Unlike national customs authorities that enforce law, the World Trade Organization (WTO; French/Spanish: OMC) establishes the multilateral rules underpinning international trade. Founded in 1995, it administers trade agreements – including the Customs Valuation Agreement and the Dispute Settlement Understanding – and binds tariff schedules across its membership. For freight forwarders and customs brokers, WTO rules have direct practical weight: they govern how goods are classified, valued, and cleared at borders worldwide. The Most Favoured Nation (MFN) principle ensures that favourable tariff treatment granted to one member is extended to all, providing a baseline of predictability for global supply chains. See also: World Trade Organization (ID 48275).
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