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Introduction

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Chapter Summary

This introductory chapter presents an overview of the concepts discussed in this book, which describes the institutional system, the basic principles and the vast variety of rules of the World Trade Organization. The founding of the World Trade Organization, and the entry into force of its rules on January 1, 1995 marked a turning point in the development of international economic relations. Following a long period of lesser significance and effectiveness of the international trade system, the WTO today can be considered as most relevant regulatory body in global economic relations. The WTO can be seen as an important pillar of the world trade order, which builds on the principles of the liberalization of trade and non-discrimination. The WTO Secretariat produces a number of publications, which can in most cases be downloaded. These include the annual reports, international trade statistics; studies and parts of reports relevant to trade policy reviews.

Keywords: international economic relations; liberalization of trade; non-discrimination; world trade order; World Trade Organization

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