WTO PPT BY ALOK

7/31/2019 WTO PPT BY ALOK

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WTO

(WORLD TRADE ORGANSATION)


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STANDS FOR ??????

Simply put: The World Trade Organization (WTO)deals with the rules of trade between nations at aglobal or near-global level. But there is more to itthan that.

+There are a number of ways of looking at the WTO.Its an organization for liberalizing trade. Its a

forum for governments to negotiate tradeagreements. Its a place for them to settle tradedisputes. It operates a system of trade rules.


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INTRODUCTION

Location :- Geneva, Switzerland

Established: 1 January 1995

Created by : Uruguay Round negotiations (1986-94)

Membership :153 countries (Till now)

Most recent : Vietnam

Not including : Russia, Iran, Iraq, N. Korea

Budget : 189 million Swiss francs for 2008

Secretariat Staff : 625

Head : Director-General, Pascal Lamy


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CONTD

Its main function is to ensure that trade flows assmoothly, predictably and freely as possible

It is a forum for governments to negotiate trade

agreements. The WTO was born out of negotiations, and

everything the WTO does is the result of negotiations

The bulk of the WTOs current work comes from the

198694 negotiations called the Uruguay Round andearlier negotiations under the General Agreement onTariffs and Trade (GATT).


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WTO BACKGROUND

The World Trade Organization came into being in

1995. One of the youngest of the international

organizations, the WTO is the successor to the

General Agreement on Tariffs and Trade (GATT)established in the wake of the Second World War.

The WTO began life on 1 January 1995, but its

trading system is half a century older. Since 1948, theGeneral Agreement on Tariffs and Trade (GATT) had

provided the rules for the system.


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WTO FORMATION

WTO Replaces GATTURUGUAY ROUND (BEGAN IN 1986)

US and EU disagreed on how to reform agricultural

trade and decided to extend the talks In November 1992, the US and EU settled most of

their differences in a deal and the deal was signed byministers from most of the 123 participating

governments at a meeting in Morocco The agreement established the World Trade

Organization


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ROUNDS


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DOHA DEVELOPMENT AGENDA

Current trade-negotiation round of the WTO

Objective is to lower trade barriers around the world,which will help facilitate the increase of global trade

As of 2008, talks have stalled over a divide on majorissues, such as agriculture, industrial tariffs and non-tariff barriers, services, and trade remedies.

ADVANTAGES

Freer trade cuts the costs of living It provides more choice of products and

qualities

Governments are shielded from lobbying


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BENEFITS

Acting as a forum for multilateral trade negotiations

Seeking to resolve trade disputes.

Overseeing national trade policies.

Cooperating with other international institutions

Maintaining trade related database.

Acting as a watchdog of international trade

Technical assistance and training for developing

countries.


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ORGANIZATION STRUCTURE


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..

Secretariat

General Council

Trade Policy Review Body

Dispute Settlement Body

Committee

On Budget

Committee

On T & D Council forService Council forGoods


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ABOUT STRUCTUREThe WTOs top level decision-making body is the Ministerial

Conference which meets at least once every two years.Below this is the General Council . The General Council also

meets as the Trade Policy Review Body and the Dispute

Settlement Body.

At the next level, the Goods Council, Services Council andIntellectual Property (TRIPS) Council report to the General

Council.

Numerous specialized committees, working

groups and working parties deal with the individualagreements and other areas such as the environment,

development, membership applications and regional trade

agreements.


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QUESTIONS & .

Thank You

WTO PPT BY ALOK

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