The World Trade Organization (WTO) was formed

Question

to provide loans to developing countries.
to promote fair and successful trade.
to reduce international trade barriers.
to eliminate taxes and tariffs on imports.

Answer 1

The World Trade Organization (WTO) was formed primarily to reduce international trade barriers. Its main objectives include promoting free trade by reducing tariffs, addressing trade disputes, and ensuring that trade flows as smoothly, predictably, and freely as possible among nations. While promoting fair and successful trade is part of its mission, the key focus is on reducing barriers to trade.