The World Trade Organization came into being in 1995.One of the youngest of the international organizations,the WTO is the successor to the General Agreement on Tariffs and Trade (GATT)established in the wake of the Second World War. The World Trade Organization (WTO)is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly,predictably and freely as possible. 33 ⚫ The World Trade Organization came into being in 1995. One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. ⚫ The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible