Worshipful Company of World Traders
Encyclopedia
The Worshipful Company of World Traders is one of the Livery Companies
of the City of London
. The Guild
of World Traders was founded in 1985, became a Company in 1993, and was granted Livery status by the Court of Aldermen with effect from 2000. It only accepts members from the international trade fraternity, with the aim of raising awareness and understanding of, and standards of practice in, world trade
.
The Company ranks hundred-and-first in the order of precedence
for Livery Companies.
The Company's motto is commerce and honest friendship with all, taken from Thomas Jefferson
's inaugural Presidential speech.
Livery Company
The Livery Companies are 108 trade associations in the City of London, almost all of which are known as the "Worshipful Company of" the relevant trade, craft or profession. The medieval Companies originally developed as guilds and were responsible for the regulation of their trades, controlling,...
of the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
. The Guild
Guild
A guild is an association of craftsmen in a particular trade. The earliest types of guild were formed as confraternities of workers. They were organized in a manner something between a trade union, a cartel, and a secret society...
of World Traders was founded in 1985, became a Company in 1993, and was granted Livery status by the Court of Aldermen with effect from 2000. It only accepts members from the international trade fraternity, with the aim of raising awareness and understanding of, and standards of practice in, world trade
Trade
Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...
.
The Company ranks hundred-and-first in the order of precedence
Order of precedence
An order of precedence is a sequential hierarchy of nominal importance of items. Most often it is used in the context of people by many organizations and governments...
for Livery Companies.
The Company's motto is commerce and honest friendship with all, taken from Thomas Jefferson
Thomas Jefferson
Thomas Jefferson was the principal author of the United States Declaration of Independence and the Statute of Virginia for Religious Freedom , the third President of the United States and founder of the University of Virginia...
's inaugural Presidential speech.