The Role of Charismatic World Trade Organization and the Expansion of Free International Trade

One of the most significant occurrences over the last two decades in the area of economic desegregation was the sharp increase in bilateral, multilateral and regional trading arrangements since the end of the Uruguay Round in 1994. It is extensively believed that the international trade organization, WTO, increases trading systems and encourages trade. Pursuing free trade by WTO has numerous attractions. It is clear that free trade enhanced among WTO member countries but seems most favorable for rich countries and little bit glitch for developing nations. Countries bind themselves and their trading collaborators to transparent and non-discriminatory trade regulations and rules, which the WTO then implements even handedly. As a consequence, much consideration is paid to the exceptional needs and tribulations of developing and transition economies