The international organization was discussed as possessing effective enforcement capacity ----The World Trade Organization
World Trade Organisation:
has enforcement capacity through its trade dispute panels that possess the capacity to impose trade penalties on offending states for violating their prior commitments for trade liberalization.The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
What is the main goal of the World Trade Organization?
The overall objective of the WTO is to help its members use trade as a means to raise living standards, create jobs and improve people's lives. The WTO operates the global system of trade rules and helps developing countries build their trade capacity.
Who created the WTO?
The World Trade Organization (WTO) was established on January 1, 1995, under an agreement reached during the Uruguay Round of multilateral trade negotiations.
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