The World Trade Organization (WTO) is an international body that helps countries manage and promote trade. Established in 1995, it provides a platform for nations to negotiate trade agreements and resolve disputes. The WTO aims to ensure that trade flows as smoothly and predictably as possible, benefiting economies around the world.
One of the key functions of the WTO is to monitor trade policies and provide technical assistance to developing countries. By promoting fair competition and reducing trade barriers, the WTO helps create a more level playing field for all nations, fostering economic growth and cooperation globally.