What is the function of the World Trade Organization? 🔊
The World Trade Organization (WTO) functions as a global institution that regulates international trade. Its primary goals include ensuring free trade, resolving trade disputes, and providing a platform for trade negotiations among member countries. The WTO promotes fairness and transparency in trade practices and helps foster an environment conducive to economic growth. By establishing and enforcing trade agreements, the organization aims to reduce barriers to trade and enhance global economic cooperation. Through its functions, the WTO contributes to a more interconnected global economy, impacting regulations, tariffs, and trade relationships worldwide.
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