The World Trade Organization (WTO) refers to the world's largest banking institution responsible for establishing and maintaining equitable exchange rates for all member nations o multinational trade organization comprised of the world's wealthiest nations whose primary purpose is to promote free trade economies a multinational trade organization composed of the world's wealthiest nations whose primary purpose is to aid in the economic growth of developing nations. an institution that sets rules governing trade between its members through panels of trade experts who decide on trade disputes between members and issue binding decisions the world's largest licensing institution responsible for the certification of products distributed to a global market