Which organization is responsible for overseeing global trade regulations between countries?

The World Trade Organization (WTO) is the organization primarily responsible for overseeing global trade regulations between countries. It facilitates negotiations and agreement enforcement regarding international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO plays a crucial role in resolving trade disputes and monitoring national trade policies, which are fundamental in creating a stable trading environment.

The International Monetary Fund (IMF) primarily focuses on financial stability and monetary cooperation between countries, rather than direct oversight of global trade regulations. The United Nations (UN) addresses a broader range of issues, including peace and security, human rights, and social progress but does not specifically regulate trade. The Organisation for Economic Co-operation and Development (OECD) provides a forum for governments to collaborate and discuss economic policy, but it conducts its work more focused on economic growth and development issues rather than direct regulation of global trade in the same way that the WTO does.