What is the primary goal of the World Trade Organization (WTO)?

The primary goal of the World Trade Organization (WTO) is to encourage global trade and remove trade barriers. The WTO facilitates trade negotiations, provides a forum for trade disputes, and aims to create a more streamlined and equitable trading environment for its member nations. By working to reduce tariffs, quotas, and other restrictions on international trade, the WTO promotes an open trading system that benefits all participating countries, ultimately contributing to economic growth and development.

This goal is critical because trade barriers can inhibit economic progress, limit market access for countries, and create inefficiencies in global supply chains. As such, the WTO's efforts to encourage trade contribute to increased competition, better prices for consumers, and enhanced cooperation between nations.