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The World Trade Organisation, i.e. remove barriers to trade, e.g. EU…

- - - - One of the big changes was in how exchange rates are calculated
        
        The IMF and world bank were set up as well as GATT (General Agreements on Tariffs and Trade) becoming the WTO
    - - The agreement involved representatives from 44 nations and brought about the creation of the International Monetary Fund (IMF) and the World Bank
- - - - Improved peace and security/reduced conflict
      - Increased global trade and co-operation on trade issues
    - - Helps members to develop their economies and standard of living
      - Helps the region to compete effectively with other trading blocs
        
        More negotiating power
      - To gain a bigger representation in world affairs
      - To allow free movement of workers around the bloc
      - Helps to support particular sectors
      - To share ideas, democracy and human rights
  - - - Some loss of sovereignty
      - Some loss of financial control
      - Pressure to adopt central legislation
      - Certain sectors may be damaged
      - Cannot 'tailor' a trade agreement to a specific country's needs