<P> The WTO oversees about 60 different agreements which have the status of international legal texts . Member countries must sign and ratify all WTO agreements on accession . A discussion of some of the most important agreements follows . </P> <P> The Agreement on Agriculture came into effect with the establishment of the WTO at the beginning of 1995 . The AoA has three central concepts, or "pillars": domestic support, market access and export subsidies . </P> <P> The General Agreement on Trade in Services was created to extend the multilateral trading system to service sector, in the same way as the General Agreement on Tariffs and Trade (GATT) provided such a system for merchandise trade . The agreement entered into force in January 1995 . </P> <P> The Agreement on Trade - Related Aspects of Intellectual Property Rights sets down minimum standards for many forms of intellectual property (IP) regulation . It was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994 . </P>

Who started the wto and what is its objective