Global Trade Organization (WTO)

The World Trade Organization (WTO) is an international body established to oversee global trade rules and ensure trade flows as smoothly and freely as possible. It provides a platform for countries to negotiate trade agreements, resolve disputes, and promote fair competition. The WTO aims to reduce trade barriers, such as tariffs and quotas, and supports developing nations in adapting to global trade practices. By facilitating cooperation and transparency among countries, the WTO helps foster economic growth and stability in the world economy.