Explain multilateral framework of international trade. Explain its main features

The multilateral framework of international trade refers to a system of trade relations and agreements involving multiple countries. This framework is characterized by negotiations and agreements among a large number of countries, facilitated by international organizations, to establish rules, norms, and principles governing global trade. The most prominent example of a multilateral trade framework is the World Trade Organization (WTO), which serves as a platform for member countries to engage in trade discussions and dispute resolution. Let's delve deeper into the concept and main features of the multilateral framework of international trade.

Main Features of the Multilateral Framework:

1. Inclusiveness: The multilateral framework involves a broad participation of countries from different regions and levels of development. This inclusiveness ensures that a wide range of interests and perspectives are considered in trade negotiations.

2. Rule-Based System: The multilateral framework is built on a rule-based system that sets out principles and guidelines governing international trade. These rules ___ ___ _______ _____ _________ ___ _______ ______ _______ _________ ________ ____.
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