The WTO's main goal is to facilitate free trade by reducing trade barriers and promoting fair trade practices among its member countries.

The WTO does not set tariffs or quotas on imported goods. Instead, it provides a forum for member countries to negotiate and agree on trade rules and policies.

The MFN principle requires WTO member countries to treat all other member countries equally in terms of trade. This means that they cannot discriminate against any particular country in terms of tariffs, quotas, or other trade restrictions.

The WTO has a dispute settlement mechanism that allows member countries to resolve trade disputes through a series of steps, including consultations, mediation, and adjudication by a panel of experts.

The WTO was established on 1 January 1995 under the Marrakesh Agreement, which replaced the General Agreement on Tariffs and Trade (GATT).

As of 2023, the WTO has 164 member countries.

China is the largest exporter of goods in the world, followed by the United States, Germany, and Japan.

The United States is the largest importer of goods in the world, followed by China, Germany, and Japan.

The Ministerial Conference is the WTO's highest decision-making body, which meets at least once every two years.

Ngozi Okonjo-Iweala is the current Director-General of the WTO, having taken office on 1 March 2021.

The WTO's headquarters is located in Geneva, Switzerland.

The WTO's official languages are English, French, and Spanish.

The WTO's budget for the year 2023 is $200 million.

The WTO's dispute settlement mechanism is called the Dispute Settlement Understanding (DSU).

The WTO has conducted 4 rounds of trade negotiations since its establishment in 1995: the Uruguay Round (1986-1994), the Doha Round (2001-2015), the Bali Round (2013), and the Nairobi Round (2015).