World Trade Organization

The World Trade Organization (WTO) is an international body that regulates and facilitates trade between countries. Founded in 1995, it aims to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO provides a platform for negotiating trade agreements, resolving disputes, and promoting fair competition. It helps countries reduce trade barriers, like tariffs, which can hinder international commerce. By creating rules and standards, the WTO seeks to foster economic cooperation and development among its 164 member nations, ultimately benefiting consumers and businesses by expanding access to goods and services worldwide.