WTO

The World Trade Organization (WTO) is an international body that regulates and facilitates trade between countries. It aims to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO provides a framework for negotiating and formalizing trade agreements, resolving disputes, and promoting fair competition. Member countries commit to follow agreed rules, which helps prevent trade barriers like tariffs or quotas. By fostering an open trading system, the WTO supports global economic cooperation and development, benefiting countries by expanding markets and opportunities for growth.