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The WTO has 153 members, representing more than 95% of total world
trade and 30 observers, most seeking membership. The WTO is governed by
a ministerial conference, meeting every two years; a general council, which
implements the conference's policy decisions and is responsible for day-to-
day administration; and a director-general, who is appointed by the
ministerial conference.
In the 16th century, England had a lot of colonies, which were located
in Africa. At that time, the primary function of colonies was to supply
raw materials to England, and England can sell all the finished
products to the colonies in order to make profits. This story is the
beginning of international trade. In the 21st century, international
trade is busier than ever. According to comparative advantage theory,
each country should specialize and produce those products if the
country has a comparative advantage on those products, and use
those products to trade with other countries in order to achieve
specialization and exchange theory. However, during the trade
process, it may have a lot of problems coming out, so a world
organization were established in order to solve those problems and
try to make trade into a smooth process.