ABSTRACT

The international World Trade Organization (WTO) was established on the 1st of January in 1995 for the liberalization and regulation of international trade and political relations among the WTO member states. The WTO was the successor to the previously existing General Agreement on Tariffs and Trade (hereafter, GATT), which operated from 1947, and was established on its basis. The WTO's organizational and legal foundations are largely predetermined by the organization's functions and have their own specifics. The function of the collective trade and political relations regulator, in accordance with the WTO understandings and agreements, compels preservation of the General Council's specific structure. Economic integration is nowadays an essential element of any state's trade and economic policy. The ambition to become a member of the world's foreign trade relations stimulates learning to negotiate. Growing opposition of regionalism and multilateral cooperation is the most difficult question for discussion today.