World Trade Organization

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World Trade Organization

  1. 1. Economic Diplomacy Valter Telo 1
  2. 2. 1. Topics: Description; Objectives; Story; Principles; Evolution; Rounds; “Why WTO is important?” Valter Telo 2
  3. 3. 2. Description: Founded January 1, 1995; Rules established by the GATT; 127 countries; 153 members; Decisions are taken unanimously; WTO headquarters is at Geneva, Switzerland. Valter Telo 3
  4. 4. 3. Objectives: To raise the levels of life; To improve full employment; To attain the objectives with sustainable development and environmental protection; To ensure the rich and poor countries benefit from fair deals for both. Valter Telo 4
  5. 5. 4. Story: End of World War II; International Trade Organization and the Havana’s letter; ITO - Havana’s letter) were introduced into the GATT ; After the Uruguay Round (1995) was established WTO ; WTO came into January 1, 1995 ; Slovenia joined the WTO on 30 July 1995; Pascal Lamy ; The Ministerial Conference ; The General Council; The Secretariat and Director General. Valter Telo 5
  6. 6. 5. Principles: Non-Discrimination: – Most favored nation (MFN); – National treatment. Reciprocity; Binding and enforceable commitments; Transparency; Safety valves. Valter Telo 6
  7. 7. 6. Evolution: Build an organization for economic cooperation; IMF, GATT; US allies at war do business with low Tariffs - ITO (International Trade Organization); ITO (Havana’s letter) uncessufull; October 30 of 1947, 23 Countries have signed (Final Act authentic of the General Agreement on Tariffs and Trade); After the Uruguay round of GATT was transformed to the WTO. Valter Telo 7
  8. 8. 7. Rounds:  Year Name Number of countries Issues 1947 Genebra (1947); 23 countries Tariffs 1949 Annecy (1949); 13 countries Tariffs 1950/51 Torquay (1950/51); 38 countries Tariffs1955/1956 Genebra (1955/56); 26 countries Tariffs 1960/61 Dillon (1960/61); 26 countries Tariffs 1964/67 Kennedy (1964/67); 62 countries Tariffs, Antidumping measures. Tariffs, Non-tariff measures, Export 1973/79 Tokyo (1973/79); 102 countries restrictions, Measures for controlling the Proliferation. Tariffs, Agriculture, Services, 1986/93 Uruguai (1986/93); 123 countries Intellectual property, Textiles. Industrial tariffs and Non-tariff 2001/… Doha (2001/…). 149 countries barriers, Trade remedies, Agriculture, Services. Valter Telo 8
  9. 9. 8. Importance of WTO: Important for international relations; WTO is also target of criticism; WTO is not an independent organization; Less developed countries do not have much influence; Trade was faced with a restriction products (less variety); Product prices would be more expensive; Valter Telo 9
  10. 10. 9. Questions:“You have to be very rich or very poor to live without a trade. “ Albert Camus Thank you for watching. Valter Telo 10

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