The World Trade Organization (WTO) functions as a global governing body that facilitates international trade by providing a framework for negotiating trade agreements and resolving disputes between member countries. It establishes rules that promote fair competition and trade practices, contributing to a predictable trading environment. The WTO also supports developing nations by offering technical assistance and reducing trade barriers, aiming to foster global economic integration. By mediating conflicts and ensuring compliance with trade agreements, the WTO plays a crucial role in maintaining stability and promoting economic growth in the global marketplace.