World Trade Organization Essay Example | Topics and Well Written Essays - 500 words

World Trade Organization - Essay ExampleAs an note community organization, its main focus is set upon creating a uniform set of trade rules between nations that ordain ensure a smooth, efficient, trustworthy, and assured business transaction among member nations. As an advocate of free and orbiculate trade, WTO gives consumers the opportunity to have a greater market for demand and choice of various products as trade from various nation suppliers. The end result, as the organization envisions it, is supposed to be a more balanced, prosperous, peaceful, and accountable economic world. Balance and accountability in the economic world... That statement carries a tremendous weight in the WTO. As such, the organization also functions as a dispute settler among its member countries in tattle to their trade agreements. To quote Trade friction is channelled into the WTOs dispute settlement process where the focus is on interpreting agreements and commitments, and how to ensure that cou ntries trade policies conform with them.