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Encyclopedia > World Trade Organization

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ISO/IEC Information Centre (1194 words)
The Agreement on Technical Barriers to Trade (TBT) - sometimes referred to as the Standards Code - is one of the legal texts of the WTO Agreement which obliges WTO Members to ensure that technical regulations, voluntary standards and conformity assessment procedures do not create unnecessary obstacles to trade.
In accepting the TBT Agreement, WTO Members agree to ensure that their central government standardizing bodies accept and comply with this Code of Good Practice and agree also to take reasonable measures to ensure that local government, non-governmental and regional standardizing bodies do the same (for the definition of "standardizing bodies" see ISO/IEC Guide 2).
Trade and environment are both important areas of policymaking and they should be mutually supportive in order to promote sustainable development.
World trade organization (292 words)
At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments.
Trade friction is channelled into the WTO's dispute settlement process where the focus is on interpreting agreements and commitments, and how to ensure that countries' trade policies conform with them.
At the heart of the system — known as the multilateral trading system — are the WTO’s agreements, negotiated and signed by a large majority of the world’s trading nations, and ratified in their parliaments.
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