ave you ever wondered who helped make all the rules and regulations for how businesses and countries trade goods with each other? Today's global marketplace is extremely complex with thousands of moving parts. Many of the electronics, clothes you wear, or food you enjoy may be partly made possible by the agreements and policies that the World Trade Organization has helped establish.
The World Trade Organization (WTO) is a global organization that helps countries and producers of goods deal fairly and smoothly with conducting their business across international borders. It mainly does this through WTO agreements, which are negotiated and signed by a large majority of the trading nations in the world. These documents act as contracts that provide the legal framework for conducting business among nations. There are several groups within the WTO, with the highest decision-making authority going to a group known as the Ministerial Conference, which can make decisions on all matters and trade disputes among members.