The main objectives of the Agreement were to strengthen the special bond of friendship and cooperation among the nations of the other; and to create, expand and secure future market and business opportunities. NAFTA is not nation-led, so one country does not make all the decisions; „The World Trade Organization (WTO) is the only international organization dealing with the rules of trade between nations. The focus is on WTO agreements, negotiated and signed by the majority of the world`s trading nations and ratified by their parliaments. The aim is to help producers of goods and services, exporters and importers to carry out their operations. (WTO, 2016) Trade negotiations – The WTO was first established in 1995 and has been used as a forum for trade negotiations and disputes based on general principles The benefits of free trade were described in The Principles of Political Economy and Taxation, published in 1817 by economist David Ricardo. . . .