2. 1945: Second World War ended leading to chaos and financial crack for
countries .
So 23 countries sat together to form an organisation GATT(General
Agreement on Tarrif and Trade) ;India being one of the founding countries.
In one of the rounds(Uruguay Round negotiations 1986 -94) , secretary of GATT
was asked to draw a draft for a new organisation that was WTO . It is the
largest international economic organization in the world.
Unlike UN in WTO all countries have equal voting rights.
It’s headquarters are in Geneva, Switzerland .
164 countries are members of it; officially commenced on Jan 1st 1995 under
the Marrakesh Agreement signed by 123 nations on 15 April 1994
“ The main motto is to find solution to trade
related issues among the member coountries”
4. SECONDARY:
To expand and utilise global resources in
optimal manner.
To improve the level of living of global
population.
To assist in development of poor countries.
5. WTO has two bodies
DSP
(Dispute
Settlement
Body)
TPRB
(Trade Policy and
Review Body)
Trade Related Disputes
Anti Dumping
Import Restrictions
6. ASPECTS OF WTO
General Agreement on Agriculture.
Trade related intellectual property rights.
Non Agricultural Manufactured Marketting
Access.
7. .
General Agreement on
Agriculture
Best suited on
Domestic Subsidy
Green Box Subsidy : For Research and Development
Amber Box Subsidy : For agricultural raw material
Blue Box Subsidy : For maintenance of land
Export Subsidy : For promotion of export
Market Access : Quality and Quantitative
restriction
8. Trade related intellectual
property rights
“Any work of intellect that can be
commercialised is intellectual property”
Patent
Copyright
Trademark
Industrial Design
9. Non Agricultural Manufactured
Marketting Access
(NAMMA)
## This covers manufacturing products ,
fuel and mining products ,fish and fishing
products etc.
## Constitute 90% of World’s merchandise
goods