The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. Established in 1995, its main purpose is to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO provides a framework for negotiating and formalizing trade agreements and settles trade disputes between member countries. It aims to facilitate fair competition while promoting the economic stability and growth of participating nations. By addressing issues like tariffs and trade barriers, the WTO plays a crucial role in advancing global commerce.