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Presentation by urjita singh (2)
1. WORLD TRADEE
MEANING OF WORLD TRADE : World trade is an international set up
which undertakes exchange of capital goods and services across
international borders, and also provides a platform for agreements for
all nations under its body(WTO)
1:The World Trade Organization (WTO) is an organization international
borders,and also provides a platform for agreements for all nations under its body
‘WTO’ that intends to supervise and liberalize international trade.
2:The organization officially commenced on January 1, 1995 under the Marrakech
Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which
commenced in 1948.
3:The organization deals with regulation of trade between participating countries;
it provides a framework for negotiating and formalizing trade agreements.
2. WTO founder members (January 1, 1995)
WTO subsequent members
Formation January 1, 1995
Headquarters Centre William Rappard, Geneva, Switzerland
Membership 153 member states
Official languages English, French, Spanish[1]
Director-General Pascal Lamy
189 million Swiss francs (approx. 182 million USD) in
Budget
2009.[2]
Staff 625[3]
Website wto.org
3. FUNCTION:
1:It oversees the implementation,
administration and operation of the
covered agreements.
.
2:It provides a forum for negotiations
and for settling disputes .
4. TRENDS
1:Around the end of 1990s, the average growth rate of world trade was; the fastest growth periods are
the years of 1994、1995、1997 and 2000.
2:The average growth rate of trade doubled that of GDP.
3:Asia has the fastest penetration with the share in global exports rising from 13.6% in
1948 to 25.8%
30
Exports
25
Imp o rts
20
15
10
90 91 92 93 94 95 96 97 98 99 00 01 02
5. 4:In 1750, China and India produced 50%
of the world manufacturing output while
Western Europe’s share was only 18%.
5:We divide the world geographically into
North America, Latin America, Western
Europe, Central and Eastern Europe
(transition economies), Africa, Middle East
and Asia on the basis of volume.
7. ISSUES RELATED TO WORLD TRADE
1:Globalization
2:Intellectual Property Rights
3:Development and Trade
4:Trade Barriers
5:Trade Sanctions
6:Transparency
8. MEASURES
1: Administration and implementation of the
multilateral and plurilateral trade agreements
that make up the WTO.
2: Providing a forum for trade negotiations
3: Providing a forum for the resolution of trade
disputes
4: Monitoring trade policies of member countries.
5 Cooperating with other international
organizations involved in global trade,
commerce, and economic policy making.
9. Rank Country Total International Trade Date of
(Billions of USD) information
- World 27,567.0 2010 est.
1 United States 3,225.0 2010 est.
2 China 2,908.0 2010 est.
3 Germany 2,402.0 2010 est.
4 Japan 1,404.3 2010 est.
5 France 1,107.8 2010 est.
6 United Kingdom 971.9 2010 est.
7 Italy 921.5 2010 est.
8 Netherlands 914.9 2010 est.
9 South Korea 886.7 2010 est.
- Hong Kong 825.6 2010 est.
10 Canada 793.7 2010 est.
11 Singapore 668.8 2010 est.
12 Russia 648.8 2010 est.
14 Mexico 604.5 2010 est.
15 Belgium 569.3 2010 est.
16 Spain 568.3 2010 est.
17 Taiwan 525.8 2010 est.
18 Switzerland 458.9 2010 est.
19 Australia 406.1 2010 est.
20 Brazil 383.6 2010 est.
- European Union (Extra-EU27) 3,764.0 2010 est.[27]
13 India 606.7 2010 est.[28]
10. Top traded commodities (exports)
Rank Commodity Value in US$('000) Date of
information
Mineral fuels, oils, distillation
1 $2,183,079,941 2010
products, etc.
2 Electrical, electronic equipment $1,833,534,414 2010
Machinery, nuclear reactors,
3 $1,763,371,813 2010
boilers, etc.
Vehicles other than railway,
4 $1,076,830,856 2010
tramway
5 Plastics and articles thereof $470,226,676 2010
Optical, photo, technical, medical,
6 $465,101,524 2010
etc. apparatus
7 Pharmaceutical products $443,596,577 2010
8 Iron and steel $379,113,147 2010
9 Organic chemicals $377,462,088 2010
Pearls, precious stones, metals,
10 $348,155,369 2010
coins, etc.