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World Trade Organization (WTO)
The World Trade Organization came into being in 1995. One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffsand Trade (GATT) established in the wake of the Second World War. While the WTO is still young, the multilateral trading system that was originally set up under GATT is well over 50 years old.
A political unit that is composed of people, a well-defined territory, and a set of governing institutions is?
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