Meaning of World Trade Organization The WTO stands for the World Trade Organization, which is an intergovernmental organization that regulates international trade between nations. The WTO's primary objective is to promote free and fair trade by creating and enforcing rules for trade and resolving disputes between member countries. The organization works to facilitate trade negotiations between countries, provide technical assistance and training to developing countries, and monitor and analyze global trade policies. The WTO has 164 member countries, representing over 98% of global trade. Its core principles include non-discrimination, transparency, predictability, and the promotion of fair competition. What is World Trade Organization (WTO)