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The World Trade Organization is an international organization which was created for the liberalization of international
trade. The World Trade Organization came into existence on January 1st, 1995 and it is the successor to General
Agreement on Trade and Tariffs (GATT). The World trade organization deals with the rules of trade between nations
at a global level. WTO is responsible for implementing new trade agreements. All the member countries of WTO have
to follow the trade agreement as decided by the WTO.
Benefits Of WTO