The World Trade Organization is a global organization. It is made up of 164 member countries. This organization deals with the rules of trade between nations. Its goal is to ensure that trade flows as smoothly and predictably as possible.
WTO was created in 1995 to oversee the global trade rules among nations. It replaced the 1947 General Agreement on Tariffs and Trade (GATT) which was created in the wake of World War II.

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