The WTO's main goal is to facilitate and regulate international trade by promoting free trade, reducing trade barriers, and ensuring that trade is conducted in a fair and predictable manner.

The MFN principle requires WTO members to treat all other members equally in terms of trade conditions, ensuring that no country is discriminated against.

The DSM is responsible for adjudicating trade disputes between WTO members, ensuring that disputes are settled fairly and in accordance with WTO rules.

The WTO does not set tariffs and quotas; instead, it works to reduce and eliminate trade barriers through negotiations and agreements.

The WTO plays a crucial role in promoting economic growth, reducing poverty, and fostering cooperation among nations by facilitating free trade and resolving trade disputes.

The WTO was established on January 1, 1995, as the successor to the General Agreement on Tariffs and Trade (GATT).

As of 2023, the WTO has 164 member countries, representing over 98% of global trade.

The Ministerial Conference is the highest decision-making body of the WTO, meeting every two years to review the organization's work and make policy decisions.

Ngozi Okonjo-Iweala is the current Director-General of the WTO, appointed in 2021.

The Marrakesh Agreement, signed in 1994, established the World Trade Organization.

The Uruguay Round of trade negotiations, concluded in 1994, led to the establishment of the WTO.

The Doha Round of trade negotiations, launched in 2001, is the most recent round of negotiations under the WTO.

The infant industry argument allows countries to impose tariffs on imports to protect domestic industries in their early stages of development.

The TPRM is a mechanism through which the WTO reviews the trade policies of its member countries.

The MFN principle requires countries to treat all other member countries equally in terms of trade conditions.