Editing World Trade Organization (section)

==Functions==
Promotion of growth by facilitating trade is the most important function of WTO. Other important functions include:

* It oversees the implementation, administration and operation of the covered agreements (with the exception that it does not enforce any agreements when China came into the WTO in December 2001)<ref name="iisd-functions">[http://www.iisd.org/trade/handbook/3_2.htm "Functions of the WTO".] {{webarchive|url=https://web.archive.org/web/20070927183405/http://www.iisd.org/trade/handbook/3_2.htm |date=27 September 2007 }}. IISD.</ref><ref name="WTOmain-functions">[http://www.wto.org/english/thewto_e/whatis_e/eol/e/wto01/wto1_11.htm "Main Functions"]. {{webarchive|url=https://web.archive.org/web/20061230121730/http://www.wto.org/english/thewto_e/whatis_e/eol/e/wto01/wto1_11.htm |date=30 December 2006 }}. World Trade Organization.</ref>
* It provides a forum for negotiations and for settling disputes.<ref name="B17">A Bredimas, ''International Economic Law'', II, 17</ref><ref name="Deere_decision-making">C. Deere, [http://www.wto.org/english/forums_e/public_forum_e/ "Decision-making in the WTO: Medieval or Up-to-Date?"] {{Webarchive|url=https://archive.today/20121209174917/http://webcache.googleusercontent.com/search?q=cache:YZ7ZWccshjkJ:www.wto.org/english/forums_e/public_forum_e/ |date=9 December 2012 }}. World Trade Organization</ref>
[[File:Fourth Global Review of Aid for Trade 2107 (9238185879).jpg|thumb|''[[Aid for Trade]]'' is one way the organization functions to help countries that are developing economically.]]
Additionally, it is WTO's duty to review and propagate the national trade policies and to ensure the coherence and transparency of trade policies through surveillance in global economic policy-making.<ref name="WTOmain-functions"/><ref name="Deere_decision-making"/> Another priority of the WTO is the assistance of [[developing countries|developing]], least-developed and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training:<ref name="AT">[http://www.wto.int/english/tratop_e/devel_e/teccop_e/tct_e.htm "WTO Assistance for Developing Countries"]. World Trade Organization. {{webarchive |url=https://web.archive.org/web/20150612192912/http://www.wto.int/english/tratop_e/devel_e/teccop_e/tct_e.htm |date=12 June 2015 }}.</ref>
# The WTO shall facilitate the implementation, administration, and operation and further the objectives of this Agreement and the Multilateral Trade Agreements, and shall also provide the framework for the implementation, administration, and operation of the multilateral Trade Agreements.
# The WTO shall provide the forum for negotiations among its members concerning their multilateral trade relations in matters dealt with under the Agreement in the Annexes to this Agreement.
# The WTO shall administer the Understanding on Rules and Procedures Governing the Settlement of Disputes.
# The WTO shall administer a Trade Policy Review Mechanism.
# to achieve greater coherence in global economic policymaking, the WTO shall cooperate, as appropriate, with the International Monetary Fund (IMF) and with the [[International Bank for Reconstruction and Development]] (IBRD) and its affiliated agencies.<ref>Sinha, Aparijita. [http://www.preservearticles.com/201012291900/functions-and-objectives-of-wto.html "What are the functions and objectives of the WTO?"] {{Webarchive|url=https://web.archive.org/web/20140415014829/http://www.preservearticles.com/201012291900/functions-and-objectives-of-wto.html|date=15 April 2014}}. World Trade Organization. Retrieved on 13 April 2014.</ref>

The above five listings are the additional functions of the World Trade Organization. As globalization proceeds in today's society, the necessity of an [[International Organization]] to manage the trading systems has been of vital importance. As the trade volume increases, issues such as protectionism, trade barriers, subsidies, violation of intellectual property arise due to the differences in the trading rules of every nation. The World Trade Organization serves as the mediator between the nations when such problems arise. WTO could be referred to as the product of globalization and also as one of the most important organizations in today's globalized society.

The WTO is also a center of economic research and analysis: regular assessments of the global trade picture in its annual publications and research reports on specific topics are produced by the organization.<ref name="EA">[http://www.wto.org/english/res_e/reser_e/reser_e.htm "Economic research and analysis"]. {{Webarchive|url=https://web.archive.org/web/20070315190051/http://www.wto.org/english/res_e/reser_e/reser_e.htm |date=15 March 2007 }}. World Trade Organization.</ref> Finally, the WTO cooperates closely with the two other components of the [[Bretton Woods system]], the IMF and the World Bank.<ref name="B17"/>