The World Trade Organisation?

The Doha Round started in 2001, under GWB's presidency. Bearing in mind his ideological horror of multilateral institutions, the collapse of negotiations in 2008 may be seen as one of his crowning achievements in foreign policy. It still exists in zombie form, but it isn't going anywhere.

Basically, the US doesn't want an fair, open, transparent international trade system. The US wants to negotiate leonine treaties bilaterally with everyone.

This would appear to be the the basis for the Pacific and European agreements they are currently negotiating. I suppose that most of world trade will be regulated by these two treaties.

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}