The World Trade Organization (WTO) is an agency that seeks to regulate international trade and mediate trade agreements, seeking to promote free trade.
The WTO was created in 1995 to replace the GATT, an agreement created to stimulate international trade relations after the Second World War, when it was established by the international community that economic development could be accelerated by overthrowing protectionist measures in vogue at that time .
caused by colonial opposition to British attempts to impose greater control over the colonies and to make them repay the crown for its defense of them during the French and Indian War (1754–63)