3. The World Trade Organization (WTO) deals with the global
rules of trade between nations. Its main function is to
ensure that trade flows as smoothly, predictably and freely
as possible.
The WTO is a rules-based, member-driven organization —
all decisions are made by the member governments, and the
rules are the outcome of negotiations among members.
4. What is the WTO?
The World Trade Organization (WTO) is the only
global international organization dealing with the
rules of trade between nations. At its heart are the
WTO agreements, negotiated and signed by the bulk
of the world’s trading nations and ratified in their
parliaments. The goal is to help producers of goods
and services, exporters, and importers conduct their
business.
5. TRADE ASSOCIATION
• Also known as an industry trade
group, business association, sector
association or industry body.
• An organization founded and funded
by businesses that operate in a specific industry.
• An industry trade association participates in
public relations activities such
as advertising, education, political
donations, lobbying and publishing, but its
focus is on collaboration between companies.
6. TRADE ASSOCIATIONS IN INDIA
• All India Biotech Association-AIBA-Non
profit society - promote and safeguard
overall interest of biotechnology
• Naroda Industries Association, Ahmedabad,
India-
• NASSCOM, National Association of
Software and Services Companies
• CII, Confederation of Indian Industry
• Indian Tea Association
7. CII works to create and sustain an environment
conducive to the development of India, partnering
industry, Government, and civil society, through
advisory and consultative processes.
CII is a non-government, not-for-profit, industry-led
and industry-managed organization, playing a
proactive role in India's development process. Founded
in 1895, India's premier business association has over
8000 members, from the private as well as public
sectors, including SMEs and MNCs, and an indirect
membership of over 200,000 enterprises from around
240 national and regional sectoral industry bodies.
8. INTERNATIONAL TRADE
ASSOCIATIONS
• CINOA, (International Confederation of Art and
Antique Dealers' Associations, principal
international art and antique dealers
confederation), 1935, representing five thousand
dealers from thirty-two art and antique
associations in twenty-two countries.
• Federation of International Trade
Associations (FITA), It fosters international
trade by seeking to strengthen the role of trade
associations and bi-lateral chamber of commences.
9. • Industry Technology Facilitator, (ITF) is
an oil industry trade organisation established in
1999. It is owned by 30 major global oil majors and
oilfield service companies.
• International Air Transport Association
(IATA) is a trade association of the world’s airlines.
Consisting of 268 airlines
• International Chamber of Shipping,
principal trade association of the international
shipping industry , to represent national ship owner
associations, and advise on international policy
• International Marine Contractors
Association (IMCA)
10. TRADE AGREEMENTS
•Various agreements made between countries
regarding trade policies
•Can be; Bilateral trade
Multilateral trade
•Major trade agreements: European Union and
North American Free Trade Agreement.