The Role and Functions of the International Trade Organization (ITO) and the World Trade Organization (WTO): The Major Differences and Similarities

The International Trade Organization (ITO) and the World Trade Organization (WTO) are both trade organizations whose functions are geared towards regulating trade among nations. The ITO was proposed to be the international organization in charge of international trade regulation among nations even before the coming into being of the WTO. The ITO never had the chance to materialise due to the refusal of the United States