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.
International trade law is a very complex and an ever expanding area. There are basically four levels of international trade relationships: unilateral measures (national law), bilateral relationships (Canada-United States Free Trade Agreement), plurilateral agreements, and multilateral arrangements (GATT/WTO).