World Trade Organization (WTO) Director: Blake Repp
The World Trade Organization (WTO) is an international body that regulates and promotes international trade. The WTO committee will focus on The Oil Market and Economic Reconstruction in Disaster Zones. The current world economy is directly linked to energy, especially oil. When the cost of a barrel of oil changes, the global stock markets and exchanges are rattled. It is impossible to find a good that its individual cost is not linked to the cost of oil in some way, making oil the most important commodity in the world excluding currencies. Contemporary disasters are also linked to the world economy, whether they be economic, man-made, or an act of nature. A disaster can devastate an economy, creating the need for assistance in order to get the country affected back on track.