The World Trade Organization (WTO) is crucial for global trade, ensuring fair rules for all countries. It was created in 1995 to build on the success of the General Agreement on Tariffs and Trade (GATT) from 1947. The WTO has helped many countries grow economically and resolve disputes fairly. However, it has faced challenges, like the failure to finish the Doha Round of Negotiations. Despite this, the WTO remains essential for promoting global trade and preventing unfair practices. It needs to adapt to changing economic and political landscapes to stay effective in the future.