Read the case study carefully and answer the given questions:

International Trade and trade liberalization and trade volumes have largely expanded after World War II, but-perhaps less known also the number of developing and under developed countries opening their markets to international trade has increased sharply in the 80s and 90s. During the period 1960-1998 the average share of import plus export in total GDP rose from less than 0.55 up to .75 and the total volume of merchandise trade rose steadily at a rate of 10.7 % The greater openness of many developing countries is mirrored by the large membership WTO has reached almost 150 countries. While the number of participating countries at the first round of GATT in 1947 were a bit more than 20,slightly above 100 were in the last GATT ROUND ( THE Uruguay round).

The number of foreign markets opened to trade- together with the transportation costs and the fixed cost associated to trade-are important elements of a firms decision to export.

Global international organization dealing with the rules of trade between nations such as WTO and NAFTA playing an exceptional role in regulating and helping developing countries build their trade capacity. They also provides a forum for its members to negotiate trade agreements and to resolve the trade problems they face with each other.

Questions:

Question one: Describe the relationship between GATT, WTO, NAFTA and International Trade in detail

Question two: Draft the organizational Structure of WTO