The World Trade Organization or, WTO, is an international organization that deals with the trade between nations and the rules to do so. Its goal is to aid producers of goods and services, importers, and exporters to conduct their business. However, that is just the surface level of information of the WTO. What exactly is it and how does it work to help these producers conduct their business successfully?
According to the official website of the WTO, they are a “forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules” (What is the WTO). Basically, it’s a place where an individual or member of a government goes to sort out any issues with their trade with other places. It not only covers trade in goods, but “also covers cross-border trade in service and ideas, and the movement of personnel” (World Trade).
