A steady dribble from a shower, spout or a garden tap can waste 50,000 litres per year, about the size of an average swimming pool, a cost of approx $50.00. To repair a leaking tap will cost approx $3.00 and may save $50.00 per year. steady dribble from a shower, spout or a garden tap can waste 50,000 litres per year, about the size of an average swimming pool, a cost of approx $50.00. To repair a leaking tap will cost approx $3.00 and may save $50.00 per year.
DEFINITION of 'World Trade Organization-WTO'. An international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible.
The General Agreement on Tariffs and Trade (GATT) was an international organization created in 1947 to reduce trade barriers through multilateral negotiations. In January 1995, the GATT was replaced by a stronger World Trade Organization (WTO), the result of eight years of GATT negotiations. Today, member countries number 125 (nearly the whole world except China, some former communist countries, and a number of small nations) and WTO rules apply to over 90 percent of international trade.