universalism. 1  universal character; universality. 2  a universal range of knowledge, interests, or activities. ( 3 initial capital letter) the doctrine that emphasizes the universal fatherhood of God and the final salvation of all souls. Compare apocatastasis (def 2).
The World Trade Organization, an institution that arbitrates trade disputes. Strategic Trade Policies Policies designed to get more of the benefits from trade in a country than would exist under free trade.
By joining the WTO , member countries have agreed that if they believe fellow members are in violation of trade rules , they will use the multilateral system of settling disputes instead of taking action unilaterally â this entails abiding by agreed procedures ( Dispute Settlement Understanding ) and respecting judgments , primarily of the Dispute ...