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MITI's Portal
 

Glossary

Wafer Fabrication

Procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. [read more]

Withholding tax

A tax that is collected at source, before the taxpayer has seen the income or capital to which the tax applies. In other words, that part of the income or capital due in tax is withheld from the taxpayer, who therefore cannot ... [read more]

WO

Wholly Obtained [read more]

WTO

World Trade Organization. Established on January 1, 1995, to replace the Secretariat of the General Agreement on Tariffs and Trade [read more]

WTO Ministerial Meeting

The WTO’s top decision-making body. Meeting of the full membership of the WTO once in two years. [read more]

WTO Sectoral Initiatives

Tariff elimination for selected sectors, with the requirement of participation by members contributing 90 per cent of world trade. Developed members want key developing members such as China, India and Brazil to be part of sectoral initiatives. [read more]