World Trade

Trade & Conflict are the Yin & Yang of all elements. WITHIN their broad borders is to be found all else that pertains to humanity in Cosmic Matter.

The World Trade Organization is a powerful and expansive group that plays a crucial role in international trade by lowering tariffs, mediating disputes and creating more open global markets. Unfortunately, there are still dozens of nations who are forced to conduct trade without the help of the WTO. Some of them are major players in global trade, whose membership would be beneficial for those individual nations and the global economy as a whole. Bringing every country under the same basic trade policies as WTO members would mark a major milestone towards freer international trade. It would provide greater opportunities for businesses in more markets than ever before. Until then, keep an eye out for the WTO status of these country and others, as we await their next steps.

See:      Non WTO members

Being a Member of the WTO requires agreement to it’s rules but does not exclude membership of other trade bodies where the countries concerned agree. For example a Canada – EU trade agreement. This multiplicity makes it hard for me to understand. Perhaps if you are one of the many others who like me are not formally involved you find it difficult too.

What is the WTO about? See:   About WTO

WTO & NAFTA

Confused, well perhaps you are not but I am so I looked to find the difference….

North American Free Trade Agreement or NAFTA and World Trade Organization or WTO are trade related entities and are considered to be the most powerful in trade matters.

While WTO pertains to the whole globe, NAFTA is just related to North American region. NAFTA is a treaty that has been signed among the US, Canada and Mexico. This trilateral treaty came into force on January one, 1994 and it superseded the Canada United States Free Trade Agreement.

Read more: Difference Between WTO and NAFTA | Difference Between http://www.differencebetween.net/business/difference-between-wto-and-nafta/#ixzz5NaXaHd6D

So there!

There are websites for all sorts of things now and I even find that there is one that tells the meaning of anagrams.