What international organization runs a dispute settlement process in which countries can resolve issues and inequalities in a formal arena?

International trade is regulated and facilitated by the World Trade Body, an intergovernmental organisation. The organisation is used by governments to create, amend, and enforce the laws that control international trade.

The WTO's six main goals are to: (1) establish and uphold international trade regulations; (2) offer a forum for negotiating and monitoring further trade liberalization; (3) settle trade disputes; (4) increase decision-making process transparency; (5) work with other significant international economic institutions engaged in global economic management; and (6) assist developing nations in fully utilizing the global trading system.

Governments from the WTO's members run it. The membership as a whole makes all significant decisions, either through ministers (who meet at least twice every two years) or through their ambassadors or delegates (who meet regularly in Geneva). The World Trade Organization (WTO) is an international body with 164 member governments that regulates international trade. Its objective is to make sure that trade proceeds as predictably and smoothly as possible.

Hence, World Trade Organization runs a dispute settlement procedure in which countries can resolve issues and inequalities in a formal arena.

To learn more about World Trade Organization refer to:

https://brainly.com/question/13422134

#SPJ4