What Is the Role of the World Trade Organization (WTO) in Trade Liberalization?
The World Trade Organization (WTO) plays a vital role in facilitating trade liberalization. It provides a framework for negotiating trade agreements, monitoring national trade policies, and resolving disputes. The WTO aims to create a level playing field for international trade by ensuring that trade rules are transparent, predictable, and non-discriminatory. Through its efforts, the WTO helps to promote global economic cooperation and stability.