The World Trade Organization (WTO) is an international organization that regulates and facilitates trade between countries. Established in 1995, it aims to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO provides a framework for negotiating trade agreements and resolving disputes, helping to create a stable trading environment. The organization has 164 member countries, representing over 98% of global trade. It promotes fair competition and reduces trade barriers, such as tariffs and quotas. By fostering cooperation among nations, the WTO plays a crucial role in supporting economic growth and development worldwide.