What is the role of the WTO in facilitating negotiations between countries?
The World Trade Organization (WTO) is an international organization that helps facilitate negotiations between countries. The WTO was created to ensure that international trade is conducted fairly, and to promote economic growth and development. The WTO helps countries negotiate the terms of trade between them. This includes the exchange of goods, services, and investments. It also involves ensuring that each country abides by the agreements that have been negotiated by the other country. The primary role of the WTO is to provide a forum for countries to negotiate and settle international trade disputes. The WTO also works to reduce tariff and non-tariff barriers, and it seeks to ensure that all countries follow the rules of international trade. The WTO also helps countries resolve disputes through dialogue and by providing technical assistance. This includes helping countries to prepare for negotiations, advising on trade policy, and providing information on market access and trade-related regulations. The WTO also provides a platform for regular meetings of member countries, allowing them to discuss trade issues, exchange best practices, and engage in constructive dialogue. In doing so, the WTO helps countries to come to agreements on the terms of trade, and thereby increase economic development. By helping countries to negotiate better terms of trade, the WTO helps to ensure that countries benefit from increased trade and economic growth.
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