What is the world trade organisation?

The World Trade Organization (WTO) is an international organization that was established on January 1, 1995, with the aim of regulating and promoting free trade between its member countries. Its headquarters are in Geneva, Switzerland, and it currently has 164 member countries. The WTO is responsible for setting and enforcing international trade rules, resolving trade disputes between member countries, and providing a platform for negotiations aimed at liberalizing trade. It also monitors the implementation of trade agreements, provides technical assistance and training to developing countries, and promotes cooperation between member countries on trade-related issues. The WTO operates on the basis of a consensus-based decision-making process, which means that all member countries must agree to any decisions made by the organization.