Question

WTO

12 Feb 2026
Answer :
Word Count : 259
The World Trade Organization (WTO) is an international institution established in 1995 to regulate and facilitate global trade among nations. It succeeded the General Agreement on Tariffs and Trade (GATT) and aims to create a predictable and transparent trading environment, reducing barriers such as tariffs, quotas, and subsidies. The WTO provides a framework for negotiating trade agreements, resolving disputes, and monitoring national trade policies to ensure compliance with agreed rules. In the management of international business, the WTO plays a critical role by promoting free trade and market
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