NEW CHALLENGES FOR TODAY'S INTERNATIONAL TRADING SYSTEM

his article examines the problems that have emerged and are faced by the modern world trade organisation. The declining hegemony of the US on the world stage and the world market is identified and demonstrated, and the actions of the US against its trading partners violate the concept of a free market. The emergence of an increasing number of regional trade agreements is examined, as well as their growing popularity, which could lead to the collapse of the modern international trade system.