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 was established in 1995 and is based in Geneva, Switzerland. The WTO aims to promote and facilitate international trade by providing a platform for negotiations, resolving trade disputes, and enforcing trade agreements. It sets rules for trade, ensures transparency, and promotes non-discrimination in trade practices. The WTO has a membership of 164 countries and serves as a forum for governments to negotiate trade agreements and resolve trade-related issues.