What is the World Trade Organization (WTO) and what is its function?

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What is the World Trade Organization (WTO) and what is its function?

The World Trade Organization (WTO) is an international organization that deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO provides a platform for negotiating and implementing trade agreements, resolves trade disputes between member countries, and assists in the monitoring of national trade policies. It also aims to promote economic development and reduce poverty by facilitating trade and providing technical assistance to developing countries.