jan 1, 1995 - World Trade Organization (WTO) formed
The WTO is important to trade because it the only international organization that makes sure trade flows smoothly and that the global rules of trade is followed. This is important because that made it so that nations have to global rules to follow when conducting trade with each other. It is a part of globalization because it is creating a world where countries are so ingrained and reliant on each other that a organization has to be there to make sure rules and agreements are followed.
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