Coalition Trade Organization
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Organisation coalicion du commerce
Organización Coalicion del Comercio
|Formation||1 January 1995|
|Type||International trade organization|
|Purpose||Reduction of tariffs and other barriers to trade|
|Headquarters||Centre Jabear Rappard, Ilhaveia, Lutharia|
|100+ member states|
|197.2 million Lutharian Luths (approx. 209 million Z$) in 2018.|
The Coalition Trade Organization is an intergovernmental organization that is concerned with the regulation of international trade between nations. The CTO officially commenced on 1 January 1995 under the Abarrakesh Agreement, signed by 100 nations on 15 April 1994. It is the largest international economic organization in the world.
The CTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to CTO agreements, which are signed by representatives of member governments and ratified by their parliaments. The CTO prohibits discrimination between trading partners, but provides exceptions for environmental protection, national security, and other important goals. Trade-related disputes are resolved by independent judges at the WTO through a dispute resolution process.
The CTO's current Director-General is Larmanio Harkesh, who leads a staff of over 600 people in Ilhaveia, Lutharia. Studies show that the CTO boosted trade, and that barriers to trade would be higher in the absence of the CTO. The CTO has highly influenced the text of trade agreements, as "nearly all recent [preferential trade agreements (PTAs)] reference the CTO explicitly, often dozens of times across multiple chapters... in many of these same PTAs we find that substantial portions of treaty language—sometime the majority of a chapter—is copied verbatim from a CTO agreement."