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Wto (World Trade Organization)
 

Wto (World Trade Organization)

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WTO SEM-1

WTO SEM-1

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    Wto (World Trade Organization) Wto (World Trade Organization) Presentation Transcript

    • WTO ( World Trade Organization )
    • Road Map of Entire Presentation
      • What is World Trade Organization ?
      • History of WTO
      • Why WTO is Important for the Global Trade ?
      • Conclusion
    • What is the W orld T rade O rganization ?
      • “ The World Trade Organisation is ‘ member-driven ’, with decisions taken by General agreement among all member of governments and it deals with the rules of trade between nations at a global or near-global level. But there is more to it than that. ”
      • They deal with: agriculture , textiles and clothing , banking , telecommunications , government purchases , industrial standards and product safety , food sanitation regulations , intellectual property , and much more.
      • The WTO agreements are lengthy and complex because they are legal texts covering a wide range of activities .
    • WTO: The Beginnings/ History
      • WTO began its life on 1 January 1995
      • Before WTO its name was GATT (General Agreement on Tariffs and Trade) with a view to flows of trade are going smooth , predictable and free from hassles .
      • The purpose of the WTO is to let the consumers and producers enjoy secure supplies and greater choice for the finished products
      • The WTO is certainly one of the most important institutions dealing with international economic relations.
      • In broad terms, its role is twofold, first with establishment of international trade in both goods and services .
      • And second , to progressively liberalize that trade , presently valued at close to eight thousand billion dollars every year.
    • Pascal Lamy (Director-General) Head : 625 Secretariat staff : 182 million Swiss francs for 2007 Budget : 151 countries on 27 July 2007 Membership : Uruguay Round negotiations (1986-94)   Created by : Geneva, Switzerland Location :
    • Why WTO ?
      • To arrange the implementation , administration and operations of multilateral (involving three or more participants) and plurilateral trade agreements (power which shared between different countries)
      • To arrange the forum for deliberations for the member nations in regard to their multilateral trade relations in issues deal with under the agreements
      • To provide a framework for implementing of the results arising out of the deliberations ( long and care full agreements/consideration ) which taken place at ministerial conference level
      • To manage the created understanding on rules and procedure governing the settlement of disputes
      • To manage effectively and efficiency the trade policy review mechanism (TRIM)
      • To create more together relationship with all nations in respect of global economic policy-making , it would cooperate with the IMF and the world bank & its affiliated Organisations
    • Conclusion
      • The system helps promote peace
      • Disputes are handled constructively
      • Free trade cuts the costs of living
      • It provides more choice of products and qualities
      • Trade raises incomes
      • Trade stimulates economic growth
      • The system encourages good government
    • Conclusion Continue.. WTO PUBLIC FORUM 2006 Source: www.wto.org