What is the World Trade Organization (WTO)?

The World Trade Organization (WTO) is indeed an international organization that regulates trade between countries. Established in 1995, its primary purpose is to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO provides a framework for negotiating trade agreements and a dispute resolution process, which helps to settle trade disputes between member nations.

The organization focuses on reducing tariffs, eliminating trade barriers, and fostering an environment where trade can thrive based on agreed rules. By facilitating trade negotiations and providing a platform for countries to come together and discuss trade-related issues, the WTO plays a crucial role in global commerce.

Other options such as a financial institution for trade loans, a network of national trade agencies, or an alliance of exporters do not accurately capture the role or the functions of the WTO. Each of those alternatives represents a different aspect of trade or economic activity but does not reflect the WTO's mission or operations. The WTO specifically aims to manage and regulate trade rules and relations among nations rather than functions related to lending, national agency networking, or exporter alliances.