The World Trade Organization Its Structure and Organization free essay sample

A personal paper arguing for the need of the World Trade Organization. This paper looks at the World Trade Organization, or WTO and debates whether or not the WTO has a positive effect on the world. The author takes the position that one needs a place to take disputes and set regulations for the international economy. The World Trade Organization, which was created in 1995, was the biggest reform of international trade since 1948. During the previous years, international commerce had been organized under GATT, which established a multilateral trading system. However, by the 1980s major restructuring was needed. The Uruguay Round brought about that overhaul. It was the largest trade negotiation ever.