Which organization regulates international trade?

The World Trade Organization (WTO) is the organization that regulates international trade. Established in 1995, the WTO plays a crucial role in overseeing the global trading system by ensuring that trade flows as smoothly, predictably, and freely as possible. The WTO provides a framework for negotiating trade agreements, a platform for resolving trade disputes, and a venue for member countries to discuss and revise trade-related issues.

The work of the WTO encompasses a wide range of areas, including tariffs, trade in services, intellectual property rights, and subsidies. By establishing legal ground rules for international trade, the WTO helps to promote a fair and transparent trading environment, reducing the likelihood of conflicts between nations.

In contrast, other choices focus on different areas: the North American Free Trade Agreement (NAFTA) was a trade agreement specific to North America, while the Civil Rights Act of 1964 addresses civil rights and discrimination issues within the United States. Medicare and Medicaid are health insurance programs in the U.S. These options do not pertain to the regulation of international trade on a global scale, making the World Trade Organization the clear and correct choice for this question.