What is the primary role of the World Trade Organization (WTO)?

The primary role of the World Trade Organization (WTO) is to facilitate trade negotiations and resolve trade disputes. This organization serves as a platform for member countries to negotiate trade agreements, which aim to reduce barriers to trade and ensure that trade flows as smoothly, predictably, and freely as possible.

In addition to facilitating negotiations, the WTO also provides a framework for resolving disputes that arise between member countries regarding the interpretation and application of trade agreements. This dispute resolution mechanism is vital because it helps maintain stability in international trade relations by providing a structured process for addressing grievances.

The focus on facilitating trade negotiations and resolving disputes is significant because it directly impacts global commerce, promotes economic cooperation among nations, and helps member countries adhere to agreed-upon trade rules. This role contrasts sharply with the other options, which do not reflect the core functions of the WTO. For instance, while concern over international currencies and tariffs exists, these are managed within specific agreements and not directly regulated by the WTO. Additionally, overseeing foreign direct investments is outside the WTO's primary scope, as its focus remains on trade in goods and services rather than investments.