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Nearly all trade with other countries is now negotiated through a global organization, the WTO. Is the WTO a governing body? It certainly is structured like one.

You are naive if you think Acme Cog can sell widgets without intervention. If there is a bi-lateral or multi-lateral trade agreement with Italy, and that agreement prohibts the sale of widgets in Italy, Acme Cog will not be allowed to sell there.

There is no real "free market" and there never will be. Every organization that is being implemented today in the name of "free trade", like OAS, CIS, ASEAN and the EU will see that it is always managed trade. All these organizations are also planned to become the regional governnments for their trade areas and they say so in their charters and websites.

Here is a statement from our "free trade" buddies, the Summit of the Americas. Remember our president spent 3 days with this group in January making policy statements and taking directives from them:

The WTO and the FTAA Negotiations: Some Distinctions

The multilateral trading system is one of the major achievements in the area of global governance of the 20th Century.

"Nearly all trade with other countries is now negotiated through a global organization, the WTO."

I don't know what you mean by trade, but trade is not negotiated through the WTO.

WTO is an organization where trade regulations and practices are discussed and negotiated.

You always want to bring up some agency. Is trade organized through the WTO? Yes, but do you think they endorsed and signed off on the steel tariffs that were slapped on imported steel two years ago? No way! But did we do this anyway? Yes. We still had the sovereignty to say "no". But you did notice that we were going to face retribution if we didn't lift the tariffs didn't you? What would you have done, gave them the finger and dealt with the consequences? Maybe we should move from protectionism to isolationism. That way, someone that you care about can have their manufacturing job back at what is today a good wage but tomorrow wont buy jack.