The document summarizes key aspects of the World Trade Organization (WTO). It describes the WTO's objectives of raising living standards, promoting full employment, and ensuring both rich and poor countries benefit from trade. It outlines the WTO's history from post-World War II trade negotiations to its establishment in 1995. The principles of non-discrimination, transparency, and binding commitments are also mentioned. Important WTO trade negotiation rounds are listed, with the most recent being the Doha Round launched in 2001.