Final answer:
The WTO stands for the World Trade Organization. It is an intergovernmental body that aims to lower trade barriers and was established in 1995, succeeding the General Agreement on Tariffs and Trade (GATT).
Step-by-step explanation:
The "WTO" refers to the World Trade Organization, which is an intergovernmental organization that regulates international trade. The WTO seeks to reduce trade barriers between nations. It was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT). The WTO's website provides extensive information on the history of the multilateral trading system, with featured videos, news and events, trade topics, and more.