So while the wto is relatively young the multilateral trading system that was originally set up under the gatt is over 70 years old the past 70 years have seen an exceptional growth in world trade merchandise exports have grown on average by 6 annually this growth in trade has been a powerful engine for overall economic expansion and on . These allowed relevant stakeholders to reflect on the past present and future of the most comprehensive multilateral treaty on intellectual property protection and enforcement the full series of events scheduled to commemorate trips25 is available here. Wto is the foundation from which those agreements typically then go wto plus in other words the commitments will be deeper than what theyve made at the multilateral level sometimes they go beyond its a new issue that theyve introduced or new issues that they brought into that agreement thats very useful for the wto because it shows where members have updated interests economic . Despite the wto operating as a multilateral organisation many member countries and trading blocs favour bilateral discussions with partners or competitors this is because bilateral negotiations can be fully focussed and relatively quick to complete the result is that many countries prefer to bypass the wto process and deal directly with other countries the failure of the most recent round
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