Within the framework of the multilateral trading system, the European Union negotiates with many countries around the world. Most of the European Union`s multilateral trade agreements are coordinated through the World Trade Organisation (WTO). This means that the EU must respect the system of trade rules on which all WTO members have agreed. The WTO is a multilateral trade organisation based on the accession of several different governments and political entities, such as the EU, the WTO`s largest political entity. Decisions are based on consensus among participating members. This agreement reflects the negligible risk classification of bovine spongiform encephalopathy (BSE) by the World Organisation for Animal Health (OIE). In addition to creating a market for U.S. products, the expansion has helped spread the mantra of trade liberalization and promote open borders to trade. However, bilateral trade agreements can distort a country`s markets when large multinationals, which have considerable capital and resources to operate on a large scale, enter a market dominated by smaller players. As a result, they may have to close the store if they are out of the competition. In October 2014, the United States and Brazil ended a long-standing dispute over cotton at the World Trade Organization (WTO). Brazil terminated the case and waived its rights of counter-measures against U.S.

trade or other proceedings in the dispute. The WTO is a negotiating forum on the liberalization of world trade. The EU negotiates in the WTO on behalf of all EU countries. On 7 December 22, 2013, WTO representatives approved the Bali package: all countries agreed to streamline customs standards and reduce bureaucracy in order to speed up trade flows. Food security is a problem. India wants to subsidize food so that it can store it for distribution in case of famine. Other countries fear that India will dump cheap food on the world market in order to gain market share. A multilateral trade agreement is concluded when three or more nations agree to trade with each other and make concessions that benefit the trade agreement as a whole. Most of the European Union`s trade takes place internally – between the different Member States.

The difference between internal and external trade lies in the fact that EU Member States trade across essentially invisible borders. The establishment of a Single European Market provides EU Member States with duty-free trade between them. They also comply with the rules and standards set by the EU for the EU. The combination of internal and external trade makes the EU a prosperous regional group. Specific aspects of EU internal trade will be discussed in more detail in the Economy section of this website. According to the GATT/WTO, nearly 150 regional trade agreements have been notified by its members and another 100 have been in force since 1948. Most WTO members participate in at least one of these agreements, although the proportion is much higher for Europe (60%) than for developing countries (15%). The dissemination of SAAs indicates that, despite strong arguments for non-discriminatory multilateral trade, regional governance remains a type of popular geographical coordination. This may be due to perceived difficulties in achieving free trade among a large number of countries, for example the demands of industrialized countries for environmental and labor standards in international trade practices, which developing countries view as a form of protectionism in disguise. . .