Which organization is responsible for regulating international trade?

The World Trade Organization (WTO) is the primary organization responsible for regulating international trade. Its main purpose is to oversee and facilitate international trade agreements to ensure they operate smoothly and fairly. The WTO provides a framework for negotiating trade agreements, settling trade disputes, and enforcing compliance with the rules of international trade.

By establishing trade rules and providing a forum for countries to negotiate their trade relationships, the WTO aims to reduce barriers to trade, promote free trade, and create transparency in global markets. The organization plays a critical role in resolving trade disputes, which helps to maintain stability in the international trading system.

In contrast, while other organizations such as the International Monetary Fund (IMF), the United Nations (UN), and the World Bank play essential roles in global economic governance and development, they do not specifically focus on regulating international trade like the WTO does. The IMF primarily addresses monetary cooperation and financial stability, the UN encompasses a wide range of global issues beyond just trade, and the World Bank focuses on providing financial and technical assistance for development projects.