World Trade Organization (WTO) is an international organization which deals with the international trade between nations all over the world. It is an intergovernmental organization which consists of sovereign nations called as member states. It is trade administration system which operates at two levels, the international level and the domestic level. It is designed where the members participate as non-stakeholders to promote the trade at domestic as well as at international level. There are rules and regulations which are important to the participants and the institutions involved in the trade.