The World Trade Organization was established in 1995. It (36) out of the General Agreement on Tariffs and Trade or GATT. GATT was created in 1948 after the end of World War Ⅱ. It led to a series of international trade negotiations, which (37) a world trading system. The WTO supervises and makes (38) to that system. The WTO organizes trade negotiations and settles trade (39) . It supervises trade agreements reached by member nations. It also provides developing countries with technical assistance and training programs in trade (40) . And, it cooperates with other international organizations. The top decision-making group of the WTO is the Ministerial Conference. It (41) at least once every two years in different cities around the world. WTO members reach agreements by debate and (42) . WTO agreements then go to the governments of each country for (43) or rejection. (44) . GATT was designed to lower import taxes and remove other barriers to trade in goods. However, (45) . This industry includes banks, communications companies, hotels and transport businesses. The WTO also supervises an agreement on what is called intellectual property. (46) .