PPT ON WTO

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WTO Presnteted by- Naveen goyal MBA- 3 rd Sem (G1) ITM UNIVERSE

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The World Trade Organization(WTO) (the successor to the General agreement on tariffs and Trade -GAAT- established in 1948)come in to being on 1 Jan 1995 is the only international organization dealing with the rules of trade between nations .

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1986 Uruguay Tariffs, non-tariff measures, rules, services, intellectual property, dispute settlement, textiles, agriculture, creation of WTO, etc 123 the creation of WTO, and extended the range of trade negotiations, leading to major reductions in tariffs & agricultural subsidies, to allow full access for textiles from developing countries, and an extension of intellectual property rights. year Name Sub. Covered countries Achievements

What is the WTO? :

What is the WTO? The World Trade Organization is the most powerful legislative and judicial body in the world. By promoting the "free trade" agenda of multinational corporations above the interests of local communities, working families, and the environment, the WTO has systematically undermined democracy around the world.

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Created by : Uruguay Round negotiations (1986-94 ) Membership :153 countries (on 23 July 2008 ) Budget : 189 million Swiss francs for (approx 182 million USD) in 2009 2007 Secretariat Staff : 625 Head : Director-General, Pascal Lamy Established: 1 January 1995 Official launguages : English, French , Spanish Headquarter :- Centre William Geneva , Switzerland

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Objectives 6 Taking positive steps to ensure that developing countries. Introduce sustainable development . Raising standard of living and income . The WTO reiterates the objectives of GATT .

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Functions of WTO Administering and Implementing the multilateral and plurilateral trade agreements. 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 . ProvidingTechnical assistance and training for developing countries.

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The WTO Principles 8 Rule Based Trading System Non discrimination Treatmen Maintain On BoP Environment Protection Transparency Dismantling Trade Barriers Principles Of WTO Fair trade flow Encouraging Competition Free Trade Principle

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Key Subjects in WTO Health & safety measures Helping least developed and food importing countries Textile and Clothing Agriculture

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The WTO Structure Ministerial Conference Council for Trade in Goods General Council meeting as Trade Policy Review Body Council for TRIPS General Council meeting as Dispute Settlement Body General Council Council for Trade in Services Appellate Body Dispute Settlement panels Committees on Trade and Environment Trade and Development Subcommittee on Least-Developed Countries Regional Trade Agreements Balance of Payments Restrictions Budget, Finance and Administration Working parties on Accession Working groups on Trade, debt and finance Trade and technology transfer ( Inactive: (Relationship between Trade and Investment, (Interaction between Trade and Competition Policy (Transparency in Government Procurement) Committees on Market Access Agriculture Sanitary and Phytosanitary Measures Technical Barriers to Trade Subsidies and Countervailing Measures Anti-Dumping Practices Customs Valuation Rules of Origin Import Licensing Trade-Related Investment Measures Safeguards Working party on State-Trading Enterprises Committees on Trade in Financial services Specific Commitments Working parties on Domestic Regulation GATS Rules

Conclusion :

Conclusion The WTO endeavors to ensure that trade is as fair as possible and as free as practicable by negotiating rules and abiding by them. The current set were the outcome of the 1986-1984 Uruguay round negotiations which include a major revision of the original General agreement on Tariffs and Trade (GATT). Goods, services, Intellectual property, and Dispute settlement.

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Questions & Answers ….. Thank you

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Thank you