One simply knocks down trade barriers and allows commerce between willing parties to take place. No protection for those who venture into unknown and dangerous trade waters. No subsidies for those who make bad deals. No regulations to make the playing field fair. Such risks come with real free trade.
Consequently commerce has a way of regulating itself.
It s called a free market. The WTO does the opposite. It creates the rules of engagement for global commerce. It sets up elaborate rules and regulations concerning labor management, environmental policy, international shipping, marketing practices and punishments for those who break the rules. The WTO, combined with the financial power of the World Monetary Fund and the organizing structure of the United Nations, is a major player in the drive for global governance.