World Trade Organisation (WTO).
The WTO is a powerful body which regulates international trade. Replacing the General Agreement on Trades and Tariffs (GATT), the WTO came into existence in 1995 under the terms of the Marrakech Agreement. Aside from providing a forum for the negotiation of international trade agreements, WTO plays an important role in the resolution of disputes between governments around issues of international trade. Given the current global political climate and the recent occurrence of events like Brexit, the WTO is highly relevant on the world stage at this moment in time.