Challenges to multilaterism free trade agreements

The establishment of free trade took place in the late 18th and 19th centuries and, after the Second World War, international trade through trade liberalisation gained increased importance. International organisations such as the General Agreement in Tariffs and Trade (GATT) and the present World Trade Organisation (WTO) were then established to provide the institutional framework for a system of rights and obligations for trade in goods and services between countries. Nations worldwide are currently promoting trade liberalisation using various ways, multilaterally, regionally or bilaterally.