WTO stander for world trading organization.
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The WTO was originally setup in 1995 and came out of the GATT (General Agreement on Trade and Tariffs). It now has a number of other agreements that have been added to create the “rules of the system.” Each of these deals with some aspect of trade. For instance, TRIPS deals with Intellectual Property and GATS deals with Services. If you want more general information on the WTO–check Wikipedia. You can learn everything you can possibly want from http://www.wto.org
There’s even a guide there that explains the treaties and the basics.
The WTO makes up the rules as it goes along, usually to be detrimental to the US.
WTO international Board of Directors who make “policy.”