The World Trade Organization (WTO) is the largest international organization engaged in the development of international trade and the settlement of related conflicts between the member countries of the organization. The WTO includes more than 150 countries, which account for about 97% of world trade.
The main tasks of the WTO are:
Monitoring the implementation of trade agreements previously adopted by the WTO member countries.
Supervision and assistance in resolving all disputes arising between the WTO member countries.
Assistance in all trade negotiations between WTO member countries and parties to any WTO-related trade agreements.
Creation of the most transparent terms of trade agreements at all stages.
Assistance to less economically developed countries in entering the international trade market.
Establishing relationships and cooperation with other major international trade organizations.
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