What is the World Trade Organization (WTO)?

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What is the World Trade Organization (WTO)?

The World Trade Organization (WTO) is an international organization that deals with the global rules of trade between nations. It provides a platform for negotiating and implementing trade agreements, resolving trade disputes, and monitoring the trade policies of its member countries. The WTO aims to promote free and fair trade by reducing barriers to trade, such as tariffs and quotas, and ensuring that trade flows smoothly, predictably, and without discrimination.