Explain the functions and importance of World Trade Organisation (WTO)

Thefollowingpoints statefunctions and importance ofWTO
(i) WTO deals with regulation of trade between participating countries.
(ii) WTO provides a forum for negotiations and for setting disputes.
(iii)It is also a centre of economic research and analysis.
(iv)It is an organisation that intends to supervise and liberalise international trade.
(v) It oversees the implementation, administration and operations of the covered agreements.