The history of the World Trade Organization begins in 1994, but the transformation of the world trade regulation occurred over the entire forty seven year GATT operation (from 1947 to 1994)4. Nevertheless, the 1994 WTO Treaty was very important because it led to the institutionalization of the GATT, and it established the foundation for a new organization with legal personality, the World Trade Organization. Before this institutionalization, no administrative machinery existed: yet in 1947, GATT articles XXII and XXIII established that if a violation of an agreement occurs, the contracting parties had to mutually settle any disputes without the possibility to apply before a court or another dispute settlement body. The Interim Commission of the ITO provided the administrative services, and the intergovernmental meetings between the contracting parties were responsible for direction and oversight.