What are the key functions of the World Trade Organization (WTO)? 🔊
The World Trade Organization (WTO) primarily functions to promote free trade and economic cooperation among member nations. Its key roles include facilitating trade negotiations, resolving trade disputes, and monitoring compliance with trade agreements. The WTO aims to reduce trade barriers, enhance market access, and create a fair trading environment, fostering economic growth globally. Additionally, it provides a platform for members to discuss and address emerging trade-related issues, ensuring a stable international trading system.
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