Meaning of the word "World Trade Organization" in English

What does "World Trade Organization" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

World Trade Organization

US /ˌwɜːrld treɪd ˌɔːrɡənəˈzeɪʃən/
UK /wɜːld treɪd ˌɔː.ɡə.naɪˈzeɪ.ʃən/
"World Trade Organization" picture

Noun

an international organization that deals with the global rules of trade between nations

Example:
The World Trade Organization aims to help trade flow as freely as possible.
Disputes between member countries are often resolved through the World Trade Organization.
Synonym: