The abbreviation for the World Trade Organization is WTO. Established on January 1, 1995, the WTO is an intergovernmental organization that regulates international trade. Its primary function is to ensure that trade flows as smoothly, predictably, and freely as possible among member nations. The organization provides a forum for trade negotiations, facilitates trade dispute resolution, and monitors trade policies. Additionally, it aims to enhance global economic cooperation by lowering trade barriers, establishing trade agreements, and promoting fair trade practices. The WTO plays a vital role in addressing global economic challenges and fostering sustainable trade development.