Assignment Globalization of the logistics and shipping industry You already know that international trade is important to all

nations. Most of the products exchanged are goods, although a growing number of services, such as insurance and banking, are also bought and sold. Nations trade for the same reasons that individuals do--they trade because they believe that the products they receive are worth the products they give up. In addition, because nations are free to trade, they must believe that they are better off with trade than without it. ne important organi!ation that aids in connecting countries of the world is the "orld #rade rgani!ation $"# %. In this activity, you will learn more about this organi!ation and its role in our global economy. Directions: Navigate to the WTO website and answer the following questions: http://www.wto.org/index.htm . Where is the WTO located and when was it established! ". What are the functions of the WTO! #. $dentif% ten member countries of the WTO. &. 'ow man% members are there in all! (. )ased on the internet search on *+TT, describe the wa% in which the WTO differs from the *+TT. -. .sing the internet identif% arguments for /support0 and against the WTO and *+TT. Then based on what %ou have learned in this activit% give %our personal opinion as to whether or not %ou feel the WTO and *+TT agreements are good for all nations.