The World Trade Organization:
is responsible for more than half of the world's industrial production.
established a free trade area for Canada, the United States, and Mexico.
watches exchange rates and offers technical assistance to developing countries.
arranges trade agreements and settles disputes between its 150 member nations.

arranges trade agreements and settles disputes between its 150 member nations.                    

Explanation:

In simple words, The World Trade Organisation refers to an intergovernmental body dealing with foreign trade control between countries. It is also the world's biggest multinational business organisation.                      

World trade has risen exponentially over the last 70 years. Export markets of products have risen by an amount of 6 per cent per year. This increase in commerce has become a strong driver for general economic development and has expanded on average by 1.5 points more then the world economy every year.

The WTO mechanism for settling territorial disputes underneath the Dispute resolution Agreement is essential for upholding the regulations and, ultimately, guaranteeing that exchange flows naturally. Government agencies refer conflicts to the WTO when they believe they are violating their freedoms throughout WTO negotiations.

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