The WTO stands for the World Trade Organization, which is the only global international organization dealing with the rules of trade between nations. It was established in 1995 to replace the General Agreement on Tariffs and Trade (GATT) . The WTO agreements are negotiated and signed by member governments, and they cover a wide range of trade-related issues. The WTO is a forum for governments to negotiate trade agreements, settle trade disputes, and operate a system of trade rules. The WTO aims to ensure that trade flows as smoothly and freely as possible between member countries.
In terms of its features, the WTO is a much wider global (international) trade organization that serves all multilateral trade agreements by giving fair chances to all nations in the international exchange for trading prospects. The WTO deals include trade in commodities as well as services to promote international trade (bilateral and multilateral) through the elimination of tax as well as non-tariff obstacles and implementing greater marketplace access to all member nations. There are 164 members of the WTO at present, and every member is obligated to follow the laws and policies framed under WTO rules.
In summary, WTO Class 10 refers to the study of the World Trade Organization in the context of a 10th-grade curriculum, likely in a social studies or economics class.