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World Trade Organization

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ITM EEC Batch 13B …

ITM EEC Batch 13B
Macroeconomics Presentation

By
Sreeja P. Nair
Sreeja V Nair
Ratish Venugopal
Sreevidya Narayanan
Veronica Thomas

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  • 1. PRESENTATION ON WTO (WORLD TRADE ORGANISATION)
    • SREEJA P. NAIR – KH08JUNMBA102
    • SREEJA V. NAIR – KH08JUNMBA103
    • RATISH VENUGOPAL – KH08JUNMBA 92
    • SREEVIDYA NARAYANAN – KH08JUNMBA 104
    • VERONICA THOMAS - KH08JUNMBA108
  • 2.
    • The WTO is the only global international organization dealing with the rules of trade between nations.
    • WTO came into existence on January 1 st , 1995 replacing GATT (General Agreement on Trade & Tariffs)
    • It consists of 81 countries and territories – cover 90% of International trade in goods and services.
    • Currently WTO has 144 countries.
    • Source :- www.wto.org.in
    W T O (World Trade Organization)
  • 3. STRUCTURE OF WTO
    • WTO is dominated by its highest authority – Ministerial conference.
    • Day to Day activities of WTO is managed by a no of subsidiary bodies which include the General council.
    • General Council delegates responsibility to three other major bodies - namely the Councils for Trade in Goods, Trade in Services and Trade-Related Aspects of Intellectual Property.
    Continued…….. Source:- www.wto.org.in
  • 4.
    • Three other bodies are established by the Ministerial Conference and report to the General Council.
    • They are namely Committee on Trade & Development, Committee on Balance of Payments and Committee on Budget.
    • There are other three agreements of the WTO – those on civil aircraft , government procurement, dairy products and bovine meat.
  • 5. The Family of WTO Agreements
  • 6.
    • I - Multilateral Agreements on Trade in Goods, with the following components:
    • (1) GATT 1994, consisting of the following:
    • GATT 1947, i.e., the original GATT with its amendments etc. as it stands up to 31 December 1994;
    • Decisions taken under GATT 1947 up to tat date;
    • Understandings reached in the Uruguay Round in six areas, viz., other duties and charges, state trading enterprises, balance-of-payments provisions, customs unions and free-trade areas, waivers of obligations, and tariff modification; and
    • Tariff schedules and the manner of implementation of these schedules as agreed to in the Uruguay Round
  • 7.
    • (2) Other agreements in the area of goods, viz. the 12 agreements covering the areas of:
      • Agriculture
      • Sanitary and Phytosanitary Measures
      • Textiles and Clothing
      • Technical Barriers to Trade
      • Trade-Related Investment Measures
      • Anti-Dumping
      • Customs Valuations
      • Preshipment Inspections
      • Rules of Origin
      • Import Licensing
      • Subsidies and Safeguard
  • 8. (3) - General Agreement on Trade in Services (4) - Agreement on Trade-Related Aspects of Intellectual Property Rights (5) - Trade Policy Review Mechanism (6) - Understanding on the Settlement of Disputes
  • 9. EFFECTS OF WTO
    • Effects of WTO on developing countries.
    • Effects of WTO agricultural reforms in rich and poor countries.
    • Effects of WTO frame work on industrial tariff cuts.
    • Effects of WTO on domestic pharmaceutical sector.
    Continued……..
  • 10.
    • Effects of WTO Judicial delegation on U.S. trade politics.
    • Effects of WTO on Anti Corruption Disciplines.
    • Effects of WTO on Human Resource Management.
    • Effects of WTO on Chinese economy.
    • Effects of WTO on Russian economy.
  • 11.
    • Effects of WTO in Indian economy.
    • WTO & Indian Agriculture.
    • The reality of rising food prices.
    • Free Trade – Destroys Farming System .
    • Patent Protection.
    • Globalization.
  • 12. Salient features of WTO Agreement on Agriculture
    • Market Access
    • Tariffication
    • Tariff reduction
    • Special Safeguard
    • Domestic Support
    • Export subsidies
  • 13. Obstacles of WTO Agreement on Agriculture
    • Using discriminatory market access measures to
    • counter other’s domestic measures.
    • Domestic Support is the weakest in terms of
    • arrangements that ensures reduced market
    • disortation
  • 14. Thank You

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