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Organizations like the WTO EU and NAFTA certainly have a positive influence on agricultural trade internationally The United States has always traded internationally in the area of agriculture US AG Trading has resulting in almost 509 billion being exported and 389 billion being imported Some of the organizations listed above have been successful in ensuring economic and social progress as a result of agricultural trade To get an idea of what exactly is done internationally in trade one must acknowledge and fully grasp what these organizations stand for and what their role is in international trade The WTO is an abbreviation for the World Trade Organization which is the only international organization dealing with the global rules of trade between nations The main function of the WTO is to ensure that trade flows as smoothly predictably and freely as possible The WTO is also the international agency that oversees GATT GATT stands for the General Agreement on Tariffs and Trade The GATT was sign in 1947 and led to the decrease in trade restrictions As of now there are over 100 countries that participate in this agreement Overseeing the GATT is just one of the many functions the WTO serves The WTO is also determined in assuring the consumer and producers secure supplies and more freedom in choosing the finished goods The producers and exporters are given the assurance that their markers will remain open to them As a result the WTO ensures a more peaceful and accountable economic world The WTO along with GATT reduces trade barriers that in result break down barriers between peoples and nations A unique aspect of the WTO is the fact that the decisions are made by a consensus or sometimes by way of a majority vote There are many different levels and committees within the WTO with the Ministerial Conference being the top level decision making body Another positive influence on Agricultural trade internationally
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