International Trade Organization (WTO)

The World Trade Organization (WTO) is an international entity that sets rules and facilitates agreements to promote smooth, fair trade among countries. Its goal is to reduce barriers like tariffs and quotas, ensuring goods, services, and investments flow more freely across borders. The WTO also provides a platform for resolving trade disputes, enhances transparency, and supports economic growth by encouraging cooperation. Essentially, it helps countries trade more predictably and equitably, fostering global economic stability and development.