Respuesta :
It is true that world trade has assumed an importance heretofore unknown to the global community and as a result, many countries and firms have found it highly desirable to become major participants in international marketing.
An intergovernmental body that controls and promotes global trade is the World Trade Organization (WTO). Governments use the United Nations System to create, amend, and enforce the laws that regulate international trade with effective cooperation. According to the 1994 Marrakesh Agreement, it began operating formally on January 1st, 1995, taking the place of the 1948-established General Agreement on Tariffs and Trade (GATT). The WTO is the biggest international economic organization in the world, with 164 members representing more than 98% of trade and GDP worldwide.
The WTO provides a framework for the negotiation of trade agreements, which typically aim to lower or remove tariffs, quotas, and other limitations.
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