Main Aim of WTO:
The main aim of the World Trade Organization (WTO) is to promote global trade by ensuring a fair and level playing field for all participating nations. It seeks to facilitate the smooth flow of international trade by providing a platform for negotiations, resolving disputes, and enforcing rules and agreements.

Functions of WTO:
The WTO carries out several functions to achieve its main aim. These functions can be broadly categorized into the following:

1. Administering Trade Agreements:
The WTO administers various trade agreements negotiated and signed by its member countries. These agreements cover a wide range of areas such as goods, services, intellectual property, and investment. The organization ensures that these agreements are implemented and followed by its member countries.

2. Facilitating Trade Negotiations:
The WTO provides a platform for negotiations among member countries to reach agreements on further liberalizing trade. It organizes regular ministerial conferences and meetings where countries can discuss and negotiate trade-related issues. The aim is to reduce trade barriers and create more opportunities for trade.

3. Settling Trade Disputes:
The WTO has a dispute settlement mechanism to resolve trade disputes between member countries. This mechanism is designed to provide an impartial and legally binding process for resolving trade conflicts. It helps to ensure that countries abide by the rules and agreements they have signed.

4. Monitoring and Reviewing Trade Policies:
The WTO monitors the trade policies and practices of its member countries to ensure they are in compliance with the agreed rules. It conducts regular reviews of member countries' trade policies and provides a platform for discussions and clarifications. This helps to promote transparency and accountability in trade-related matters.

5. Technical Assistance and Capacity Building:
The WTO provides technical assistance and support to developing countries to help them effectively participate in global trade. It offers training programs, workshops, and other capacity-building activities to strengthen the trading capabilities of these countries. This helps to bridge the gap between developed and developing economies.

Conclusion:
The World Trade Organization plays a crucial role in promoting global trade and ensuring a fair and transparent trading system. By administering trade agreements, facilitating negotiations, settling disputes, monitoring policies, and providing technical assistance, the WTO aims to create a level playing field for all participating countries and foster economic growth and development worldwide.