What is the role of the World Trade Organization (WTO) in global politics? 🔊
The World Trade Organization (WTO) plays a crucial role in overseeing and facilitating international trade agreements among member countries. Its primary function is to ensure that trade flows as smoothly, predictably, and freely as possible by establishing and enforcing global trade rules. The WTO also provides a forum for member governments to engage in negotiations to reduce trade barriers and resolve disputes, thereby promoting economic cooperation and stability in the global economy. By mitigating trade conflicts, the WTO aims to foster economic growth and development among nations.
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