GLOBALIZATION »» FREE TRADE »» WORLD TRADE ORGANIZATION »» Feb 01, 2021

The World Trade Organization (WTO) is an UN-affiliated organization that attempts to promote and supervise international trade. About 95% of all global trade is conducted between nations affiliated with the WTO. It regulates trade between participating countries, negotiates trade agreements, resolves disputes and enforces participants' adherence to WTO agreements. The WTO uses the principles of free-market capitalism when ruling whether a member state is compliant with its policies. Its panels, composed of government and industry representatives, decide whether a nation