The WTO is the only international organisation that regulates the rules of trade between its members. The work of the WTO is based on agreements negotiated, signed, and ratified by most of the world's countries. WTO rules lay the foundation for the development and practical application of national laws on trade and economic relations. The main aim of the organisation is the liberalisation of trade flows between members and the stability and predictability of international trade. Economic crises cause increased protectionism, but the WTO itself has been in crisis for some time and cannot fully withstand the return of trade barriers. Currently, to respond successfully to global crises, threats, and challenges, the international community needs an effective multilateral system based on universal rules and values. To maintain its role as global trade arbiter, the WTO is implementing reforms. The 'Geneva Package' reaffirms the historic importance of the multilateral trading system and highlights the critical role of the WTO in addressing the world's most pressing challenges. It is particularly important at a time when global solutions are key and it is necessary to set priorities that will make economic globalisation more open, inclusive, balanced, and beneficial to all by updating rules and strengthening protection mechanisms. We note that the WTO needs to be reformed to address current issues such as its negotiating function, dispute settlement system, and transparency in its work.