International trade organizations

International trade organizations are groups formed by countries to promote and regulate global economic exchange. They establish rules, resolve disputes, and facilitate smoother trade between nations. Examples include the World Trade Organization (WTO), which ensures countries follow fair trade practices, and regional bodies like the European Union (EU), which coordinate policies among member states. These organizations aim to reduce barriers, encourage economic growth, and create a predictable environment for businesses worldwide. They play a crucial role in connecting economies and fostering cooperation in the global marketplace.