The World Trade Organization has succeeded in quelling protectionist panic after the 2008 global financial crisis, according to WTO director general Roberto Azevedo.

“It is hard to imagine a world without WTO , he said with the global economy more interconnected that ever. WTO was formed in January 1,1995 and deals with the rules of trade between nations, taking over the functions of the 50-year old General Agreement on Tariff and Trade.

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