World Trade Organization
The World Trade Organisation (WTO), based in Geneva, is the successor to the General Agreement on Tariffs and Trade (GATT) and the main centre of the multilateral trading system. The WTO focuses on rulemaking, dispute settlement and ensuring transparency among members. Czechia strongly supports the WTO and seeks to reform it, modernize its rules and ensure their enforceability.
The main centre of the multilateral trading system is Geneva, home to the World Trade Organization (WTO), the successor to the General Agreement on Tariffs and Trade (GATT 1947). The three pillars on which the WTO system rests are orderly committee work and new rulemaking, dispute settlement among members, and transparency among members in terms of the ability to review each other's trade policies. The WTO is not a formal part of the UN system.
Czechia is a strong supporter of a multilateral trading system, with the WTO playing a central role. We therefore support efforts to reform the organisation, modernise trade rules and ensure their enforceability. We see WTO reform as a means to overcome a number of current challenges arising from the undermined enforceability of multilateral rules, the absence of a level playing field, as well as growing economic/technological competition and geopolitical tensions.
More information on the WTO website.
