The World Trade Organization (WTO) is the most powerful legislative and legal body in the world. It is the only global international organization that deals with the rules of trade between nations. The objective of the organization is to help producers of goods and services, exporters and importers manage their businesses. • Who we are - The WTO was born from negotiations, and everything it does is the result of negotiations. Its aim is to facilitate trade flows as freely as possible, without any adverse effects, as this is important for economic development and well-being. It also confirms that individuals, businesses and governments are aware of trade rules around the world and gives them confidence that there will be no sudden policy changes. • What we do: The WTO is run by its member governments. These members guarantee on a daily basis, among other things, that discussions progress smoothly and that international trade rules are properly functional and binding. • What we defend - The WTO treaties are vast and multifaceted but a certain number of principles Simple essentials are common in these documents. I would write about a few of them that fall under non-discrimination, because a country should not discriminate between its trading partners and its own and foreign products. Predictable and transparent because this investment is encouraged, jobs are created and consumers enjoy the benefits of competition and is more beneficial to less developed countries by giving them more time to adapt, greater flexibility and privileges special. I will now talk about regional trade. Agreements. These agreements remove all barriers to trade and foreign investment, such as tariffs on imports. It can be divided into two classes - custom u...... middle of paper ......ed December 1, 2013] {online} http://europa.eu/about-eu/eu-history/ The European common market. By Dr. Koitcho Beltchev- [Accessed November 30, 2013] {online} http://www.jstor.org/discover/10.2307/4529432?uid=3738256&uid=2&uid=4&sid=21102942565731 The Lawyers & Jurists- [Accessed in November 30,2013] {online} http://www.lawyersnjurists.com/articles-reports-journals/law-and-ethics/similarities-differences-nafta-european-union-main-similarity-agreements-involve-single -approach -trade-countries-illustrate-explain/ What is an economic union- [Accessed November 30, 2013] {online} http://www.wisegeek.com/what-is-an-nomic -union.htm World Trade Organization- [Accessed December 1, 2013] {online} http://www.wto.org/english/thewto_e/whatis_e/what_stand_for_e.htm WiseGeek/Free Trade Agreements- [Accessed December 2 2013] {online}http://www.wisegeek.com/what-are-free-trade-agreements.htm