By Calvin Miao

The World Trade Organization (WTO) is the only truly global international organization that addresses the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by all WTO members, which constitute the vast bulk of the world’s trading nations. The overriding goal of the WTO is to increase trade by ensuring that trade flows as smoothly, predictably, and freely as possible.  However, over the last several years the organization’s value has been diminished due to growing nationalism and an increasing tendency for countries to bend the rules.  As a result, there is a high degree of mistrust and contention surrounding the WTO.

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