Multinational economic treaties and joint ventures among the states have promoted the theme of globalization; it is also the proof of that fact that “there is no permanent enemy and no permanent friend in international politics”. Another supportive feature is the advancement of information technology which has brought the nations closer, distances are no issue today. The trend of global cooperation is the immense need of today’s world. Last ten years of the 20th century were known for bringing the states nearer. Many internationals bodies came forward and played effective role like European Union, World trade organization, ECO, OPEC and many more. Many international bodies which mainly deal with economic matters can work for the eradication of disputes and aggression among states. We may hope for a peaceful world, no war and no destruction.