the World Trade Organization
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 platform for negotiating trade agreements and resolving disputes among member nations.
With 164 member countries, the WTO promotes fair competition and helps to reduce trade barriers, such as tariffs and quotas. It also monitors national trade policies and offers technical assistance to developing countries, supporting their integration into the global economy.