The World Trade Organization (WTO) facilitates World Commodity Trade (WCT) by promoting free trade and reducing trade barriers among nations. WCT involves the global exchange of essential goods like oil, metals, agricultural products, and manufactured items. Countries engage in this trade to access resources, stabilize prices, and support economic growth. Through agreements, the WTO ensures fair practices, dispute resolution, and transparency. Efficient logistics, digital platforms, and international cooperation drive WCT. However, challenges like protectionism, tariffs, and geopolitical tensions impact it. Overall, WCT plays a vital role in global economic development, linking producers and consumers across borders through a complex trade network.
