The World Trade Organization (WTO) is an international organization that helps countries manage and regulate trade between them. Established 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 and resolving disputes, making it easier for countries to work together and benefit from global commerce.
One of the key functions of the WTO is to promote fair competition and reduce trade barriers, such as tariffs and quotas. By doing so, it supports economic growth and development worldwide, helping countries like India and Brazil to access larger markets and improve their economies.