November 23, 2020 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Articles for Entrepreneurs


Global Intellectual Property



Global commerce is a high priority for both businesses and national economies. WTO and GATT were designed to make it easier for your company to do business internationally, but what are the WTO and GATT really all about?

The need for improved global trade opportunities is becoming an increasingly common mantra among American corporations and small business owners alike.

The days when international commerce was limited to a few large corporations are long gone. In today's global economy, businesses of all shapes and sizes are exploring new ways to do business in a global context.

One of the most important advances in global trade occurred in the mid-nineties with the passing of GATT and the creation of the WTO under President Clinton. Athough GATT had technically existed for nearly half a century, its reach was limited until its expansion in 1995.

As a small business owner, global trade opportunities may represent the next frontier in your company's growth and future expansion. From selling overseas to importing foreign manufactured products and materials, GATT and the WTO will likely play a role in your business activities. Here's what you need to know about these important developments in global commerce.


The roots of GATT (General Agreement of Tariffs and Trade) can be traced back to 1947 and a failed effort to launch the International Trade Organization. Rather than creating a central organization, the nations involved with the process found agreement around GATT, creating a provisional and limited system to regulate tariffs and resolve international trade disputes. Although GATT was flawed and ultimately untenable, it did create the foundation for a streamlined approach to international trade, providing the genesis for significant growth in global commerce. The agreement was overhauled in 1994-1995, resulting in a more capable version of GATT that resolved many of its flaws and paved the way for more stable multinational cooperation around the issue of global trade.


One of the primary things accomplished through the GATT revision of 1994-1995 was the creation of the World Trade Organization, replacing the failed International trade Organization from the 1947 agreement. The WTO is an administrative body that is tasked with promoting fair trade among member nations. Its focus has now expanded to include a wide range of trade issues including environmental impacts and intellectual property rights.

GATT provisions include requirements for WTO members to assign 'most favored nation" status when dealing with other members. In the U.S., most favored nation status is often referred to with the term "normal trade relations".

Related Articles

Want to learn more about this topic? If so, you will enjoy these articles:

International Copyrights
International Trademarks & the Madrid System
World Intellectual Property Organization (WIPO)

Conversation Board

We greatly appreciate any advice you can provide on this topic. Please contribute your insights on this topic so others can benefit.

Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code



Additional Resources for Entrepreneurs

Search Engine Marketing

Social Marketing Optimization

Business Forms

Business in the Jungle - Business in Fiction - Negotiating

Radio Ad Costs

Newspaper Advertising Rates

City-Specific Resources for Entrepreneurs

Small Business Insurance

Global Entrepreneurship

China & Entrepreneurs