Regional governments like the FTAA and EU imply obviously a world government (whether it is the UN or some other body) to control disputes (impose "peace") and flows of resources (oil and food for example) between the regional governments. Of course, a world tax will required to pay for this control and enslavement.
And this world government body will impose a fake peace in the Middle East using its combined military, economic and eclesiastical powers.
"And he shall destroy wonderfully by peace"-description of the AntiChrist from the Bible.