Is a multilateral trading system based on World Trade Organization rules preferable to trade regulated by bilateral treaties between governments?

Is a multilateral trading system based on World Trade Organization rules preferable to trade regulated by bilateral treaties between governments? Why is trade between the OIC states so limited?

1- Is a multilateral trading system based on World Trade Organization rules preferable to trade regulated by bilateral treaties between governments? Why is trade between the OIC states so limited?

2- How could Saudi Arabia, Turkey and Indonesia promote the interest of the Islamic World within the G20? 

Additional Requirements

Min Pages: 5
Max Pages: 10
Level of Detail: Show all work
Other Requirements: the subject is corporate governance, so try to link the answers of these question with the corporate governance.

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