After the end of World War II, international economic relations faced a chaotic situation, and a new international economic order was urgently needed. As a result of the efforts of all countries, progress has been made in rebuilding the international economic order.
In the early post-World War II period, the United States was in a leading position economically, and in order to establish a hegemonic position in the world economy and politics, the United States expanded abroad from various fields such as international finance, investment and foreign affairs. In terms of the United States, the United States put forward the slogan of "liberalization", first of all, advocating the establishment of a multilateral convention to check and reduce international restrictions to determine the rules of all aspects of the international community, and to establish an international organization on October 30, 1947, signed by the relevant countries to sign the provisional application of the General Agreement on Tariffs and Customs, and to enter into force on January 1, 1948.
The General Agreement on Tariffs and Tariffs has always existed as a temporary treaty, which is a common norm for reducing barriers and agreeing on international policies, and is an international multilateral agreement that regulates the relations between countries. It itself is not a formal international economic organization, nor is it a specialized agency of the United Nations, but before the world organization was formally established, the General Agreement on Tariffs and Tariffs has been playing an important role in the world, it provides a set of rules and procedures for adjusting international relations, and makes specific provisions on the rights and obligations between the parties, after nearly 50 years of development, it has evolved into a de facto international economic organization, laying a good foundation for the emergence of the later world organization. There are limitations to GATT, and there is a general agreement on the basis of which there is a general agreement on tariffs and ** on the basis of which there is a need to establish a formal international economic organization to coordinate, monitor and implement the outcomes of the Uruguay Round.
In November 1993, before the conclusion of the Uruguay Round negotiations, the parties formed in principle the Agreement on the Establishment of the World Organization and adopted it, which was signed by the representatives of the participating parties, and the World Organization was formally established on January 1, 1995. What it does:
1) Through the formulation of international rules and the gradual restriction of tariff and non-tariff barriers, the development of international law has been promoted.
2) The General Agreement on Tariffs and Tariffs has formed a set of international rules.
3) The General Agreement on Tariffs and Tariffs has formed a mechanism for effectively resolving disputes between members.
4) The General Agreement on Tariffs and Tariffs has safeguarded the interests of developing countries in the international community to a certain extent.