ITO:- INTERNATIONAL TRADE ORGANIZATION
The International Trade Organization (ITO) was the proposed name for a global establishment for the control of the exchange.
Driven by the United States in a joint effort with partners, the push to shape the association from 1945 to 1948, with the fruitful going of the Havana Charter, in the long run, bombed because of the absence of endorsement by the US Congress. Until the formation of the World Trade Organization in 1994, the universal exchange was overseen through the General Agreement on Tariffs and Trade (GATT).
The Bretton Woods Conference of 1944, which built up a global organization for fiscal strategy, perceived the requirement for a similar worldwide foundation for exchange to supplement the International Monetary Fund and the World Bank. Bretton Woods was gone to by agents of back services and not by delegates of exchange services, the proposed motivation behind why an exchange understanding was not consulted around then.