The growing role of the WTO, the image to the first beast.
After WWII, the USA convened a series of multinational decision meetings concerning trade and commerce, known as the GATT negotiations. The road to a multinational consensus has been rough, with occasional significant disagreements. However, in 1986 the participating countries agreed to establish the World Trade Organization (WTO). The WTO is the first-ever global institution with its constitution, laws and rules. The WTO is independent of the world countries. Each member country must surrender a part of its sovereignty to the WTO by agreeing to abide by the rules and decisions of the WTO. The WTO is not subject to the laws and policies of any country in the world. Even the USA, the founder of the WTO, must abide by the rules and decisions of the WTO appellate body. The WTO became official on January 1, 1995, with 27 charter member countries. Current membership in WTO stands at 164, with several countries in various stages of preparation for ascension to full membership. Therefore, the words of God in Revelation 13:15 were fulfilled.
The fact that the WTO is located in Europe, Geneva, Switzerland, is a testament to the second beast establishing an image in honor of the first beast in Revelation chapter 13. The global free trade and commerce system, aggressively promoted by the WTO, will have unprecedented power and legal prerogatives. “It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on the foreheads, so that they could not buy or sell unless they had a mark, which is the name of the beast or the number of its name.” Revelation 13:16 – 17. The mark has to be either on the right hand or the forehead but not both. The mark is the specific identity of each member country. The next blog will address the mark of the beast. The WTO has the authority to regulate and coordinate all trade and interactions among the member countries. Humankind has never before attempted to implement a global system similar to the WTO.
Those interested in the end-time events should probably, begin to pay more attention to these developments. There is still much work to be done concerning the free global trade and commerce system. Unanticipated glitches and problems will arise. However, these will only serve to make the global system better and stronger. The nations of the world are firmly committed to it. The member countries of the WTO have agreed to, by the end of 2023, achieve a deeper integration of their economic and commerce activity. This decade will, very likely, witness a significant realignment of the global socio-economic and commerce landscape. The ultimate goal of the member countries, which is now a majority of the world, is to ensure the availability and opportunity for all individuals to acquire wealth. Better living conditions in the world are a prerequisite for global peace, which must be achieved.
The number 666, the identity of members in the global system, read the next blog.