Final answer:
The World Trade Organization aims to reduce trade barriers, protect intellectual property rights, and eliminate unfair trade practices. Providing export insurance is not one of the WTO's goals, as it focuses on ensuring nondiscriminatory trade practices among member countries.
Step-by-step explanation:
The World Trade Organization (WTO) is dedicated to reducing various barriers to international trade. One of its key goals is to lower tariffs and address non-tariff barriers that make importing products costlier or more difficult, such as rules, regulations, inspections, and excessive paperwork. Another goal is to ensure protection for intellectual property rights, including patents, copyrights, and trademarks.
Additionally, the WTO seeks to eliminate import quotas, subsidies, and unfair technical standards that stifle competition. However, providing export insurance for exporters in member countries is not one of the WTO's functions. This falls more under national policy or separate international organizations devoted to export credit and investment insurance.