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The WTO agreement refers to the set of legal rules and arrangements established under the World Trade Organization to regulate international trade among member countries. It was formed to promote free and fair trade, reduce trade barriers, and provide a platform for resolving trade disputes. The WTO agreement is not a single document but a collection of agreements negotiated and signed by member nations. These agreements cover trade in goods, services, and intellectual property. The main objective is to ensure that trade flows smoothly, predictably, and freely as possible. It also aims to improve living standards, create employment opportunities, expand production and trade, and support sustainable development. Member countries commit to follow certain trade rules, maintain transparency in policies, and avoid discriminatory trade practices. The WTO also provides a dispute settlement mechanism through which ________ _______ ____ ____ _________ ______ __________ ___ _____ __________ ________ ________.
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