The World Trade Organization

The World Trade Organization (WTO) is an international organization that helps countries manage their trade relationships. Established in 1995, it aims to promote free and fair trade by creating rules and agreements that member countries must follow. The WTO resolves trade disputes, provides a platform for negotiations, and monitors trade policies. By facilitating the reduction of tariffs and trade barriers, it seeks to enhance global economic cooperation, boost prosperity, and support development, especially in poorer nations. Overall, the WTO plays a crucial role in encouraging smoother international trade among its member countries.