3. ABOUT WTO
-The World trade organization is an organization that
intends to supervise and liberalize international trade.
-WTO was formed on 1st jan,1995,it was establish
after world war II in the wake of other multilateral
institutions dedicated to International economic
corporation.
-WTO was created by uruguay round negotiation
(1986-94).
4.
There are total 153 member countrries was
counted in the year 2011.
Budget 196 million swiss france in the year 2011.
Currently there are total 629 staff members are
present in WTO.
5. •A Forum where member countries met from
time to time to discuss & solve world trade
problems .
•It Enjoys identical legal status , privileges ,
Immunities that the world bank & IMF get .
6. OBJECTIVES OF WTO
The primary aim of WTO is to implement the new world
trade agreement.
To enhance competitiveness among all trading partners so
as to benefit consumers.
To increase the level of production & productivity with a
view to increase the level of employment in the world.
To expand world resources in the most optimum manner.
To improve the level of living for the global population &
speed up economic development of the member nations.
To take special steps for the development of poorest
nations.
7. PRINCIPLES OF WTO
PRINCIPLES
OF WTO
TRANSPARENCY
MFN
TREATMENT
NATIONAL
TREATMENT
FREE TRADE
PRINCIPLE
DISMANTLING
TRADE
BARRIERS
RULE BASED
TRADING
SYSTEM
8. WTO CONFERENCES
•WTO Ministerial Conference of
1996 Singapore
•WTO Ministerial Conference of
1998 Geneva in Switzerland.
•WTO Ministerial Conference of
1999 Seattle, Washington
9. Cont..
•WTO Ministerial Conference of
2001 Doha, Qatar
•WTO Ministerial Conference of
2003 Cancún, Mexico
•WTO Ministerial Conference of
2005. Hong Kong
10. •Freer trade cuts the cost of living
•It gives consumers more choice, & a broader
range of qualities to choose from.
•Trade raises incomes.
•Trade stimulates economic growth, & that can
be good news for employment
•The basic principles make the system
economically more efficient, & they cut costs.
•The system allows disputes to be handled
constructively.
•A system based on rules rather than power
makes life easier for all.
Advantages of WTO.
11. Disadvatage of WTO
•The WTO dictates policy
•The WTO is for free trade at any cost
•The WTO destroys jobs, worsens poverty
•Small countries are powerless in the WTO
•Weaker countries are forced to join the WTO
•The WTO is the tool of powerful lobbies
•Non-tariff barriers
•Competition
12. KEY SUBJECTS IN WTO
Agriculture :- The agreement relating to agriculture
is made up of several elements, which seek to reform
trade in agriculture.
Health and Safety Measures:- The agreement on
the application of Sanitary and Phytosanitary
Measures concerns the application of food safety and
animal and plant health regulation.
13. Cont..
Textiles and Clothing:- The objective of this
agreement is to secure the integration of the textile
and clothing sector .
TRIPS :- The WTO agreements of trade related
aspects of intellectual property rights (TRIPs)
recognises that widely varying standards in the
protection and enforcement of intellectual property
rights and the lack of multilateral disciplines dealing
with international trade in counterfeit goods.
14. Cont..
TRIMS:- Trade related Investement Measures
(TRIMs) are those restrictions a nation places on
foreign investment that adversely affect trade in
goods and services
Disputes Settlement:- The Dispute
Settlement Understanding(DSU) is the legal text that
spells out the rules and procedures for disputes
between member countries.
