... negotiations. In another words, WTO promotes globalization by settling up a platform for free trade. What is globalization? It is the process of bringing distant markets and people across the world closer together. Globalization involves interaction and integration among the people, companies, and governments of different nations. This has resulted in the worldwide distribution of networks, reducing of geographic and political boundaries. Now, everyone with extra cash on hand may be able to enjoy a more comfortable living because their savings are more fruitfully invested abroad, as well as everyone abroad who benefits from that foreign investment. It is poor people who can buy cheaper food and clothes produced abroad. Asians are able to buy goods from US without making a trip there. WTO Globalization Track Record International trade now accounts for almost 20% of the global gross domestic product, up from just 10% a decade ago. 1 In China and the rest of East ...

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