Law360, New York (August 18, 2014, 12:24 PM EDT) -- The World Trade Organization has existed for almost 19 years, replacing the former General Agreement on Tariffs and Trade in 1995. There are now 160 members, and another 23 countries or customs territories are in the accession process. The current members account for 97 percent of global trade. The organization and its predecessor have had a variety of functions — a forum for negotiating global rules for trade and reducing tariff and nontariff barriers, providing transparency of member trading regimes, providing a forum for consulting over differences and pursuing disputes where appropriate, and providing technical assistance to developing countries and least developed countries ("LDCs")....