1. Introduction  2

Message from Director-General Roberto Azevêdo  2

Understanding the WTO  4

A brief history  6

Spotlight: 20th anniversary of the WTO  8

2. A year in review  10

2015: a snapshot  12

Our year  14

Spotlight: Nairobi Ministerial Conference  20

3. Membership  22

Joining the WTO  24

A global membership  28

4. Trade negotiations 30

5. Implementation and monitoring  48

6. Dispute settlement  100

7. Supporting development and building trade capacity  116

8. Outreach  136

9. Secretariat and budget  166