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The united states is a member of the World Trade Organization, which is the successor to GATT.
An intergovernmental body that controls and promotes global trade is the World Trade Organization (WTO). Governments use the United Nations System with effective cooperation to create, update, and enforce the laws that regulate international trade.
According to the 1994 Marrakesh Agreement, it began operating formally on January 1st, 1995, taking the place of the 1948-established General Agreement on Tariffs and Trade (GATT).
The WTO is the biggest international economic organization in the world, with 164 members representing more than 98% of trade and GDP worldwide.
By providing a framework for trade agreements that typically seek to reduce or eliminate tariffs, quotas, and other restrictions, the WTO facilitates trade in goods, services, and intellectual property between participating nations. Trade agreements are signed by representatives of member governments and ratified by their legislatures.
To know more about WTO:
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