The World Trade Organization (WTO) is an international organization that deals with the global rules of trade between nations. It was established on January 1, 1995, to provide a platform for negotiating trade agreements and resolving disputes among its member countries. The main goal of the WTO is to ensure that trade flows as smoothly, predictably, and freely as possible.

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One of the key functions of the WTO is to facilitate trade negotiations among its member countries. This involves working towards reducing trade barriers such as tariffs, quotas, and subsidies, which can hinder the flow of goods and services between nations. By negotiating and implementing trade agreements, the WTO aims to create a more open and fair global trading system. Another important role of the WTO is to serve as a forum for resolving trade disputes between countries. When member countries believe that another country's trade practices are unfair or discriminatory, they can bring a complaint to the WTO. The organization then acts as a neutral third party to investigate the matter and facilitate a resolution through mediation or adjudication. The WTO operates on the principles of non-discrimination, transparency, and predictability. These principles are enshrined in various agreements, including the General Agreement on Tariffs and Trade (GATT) and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). By upholding these principles, the WTO aims to promote a level playing field for all member countries and create a more stable and predictable trading environment. Overall, the WTO plays a crucial role in shaping the global trading system and promoting economic growth and development worldwide. By fostering cooperation and resolving disputes through a rules-based approach, the organization helps to ensure that trade benefits all countries and contributes to a more prosperous and interconnected world.