WORLD TRADE ORGANISATION INTERNATIONAL BUSINESS.

1. World Trade
Organisation
PRANJALI SRIVASTAVA

2. INTRODUCTION
•Headquarter: Geneva,
Switzerland.
•Established: January 1,1995.
•Created by: Uruguay Round
Negotiations(1986-1994)
•Membership:164 Countries on 29
July,2016.

3. What is WTO?
•The World Trade
Organisation(WTO)is the only global
international organisation dealing
with the rules of trade between
nations to ensure that trade flows as
smoothly and freely as possible.

4. HISTORY
It Was Officially Constituted On January 1 1995 which
took the place of GAAT(General Agreement on Tariffs
and Trade) as an effective formal , organisation.
GATT was an informal organisation which regulated
World Trade since 1947 at a conference in Geneva
which led to conduct the negotiations among the 23
countries to prevent protectionist policies and to revive
the economies from recession after World war 2

5. They Deal With:
Agriculture, Textile and
clothing ,Banking ,
Telecommunication,
Industrial standards and
product safety, Intellectual
property and much more.

6. OBJECTIVES
• To set and enforce rules for International Trade.
• To resolve Trade Disputes.
• To improve the standard of living of member
countries.
• To increase the Trade of services.
• To ensure optimum utilisation of world
resources.
• To ensure full employment and a large and
steadily growing volume of real income and
effective demand.

7. FUNCTIONS
• To implement rules and provisions related to Trade Policy
Review Mechanism.
• To help member countries to decide future strategies.
• Watchdog of International Trade.
• It overseas the administration of covered agreements.
• Management consultant for world trade.
• Continuous negotiation of trade.
• Helps International Trade without Discrimination.
• Deals with tariff and Non-Tariff Measures.

8. ORGANISATIONAL
STRUCTURE

9. TRIMS AND TRIPS OF WTO
•TRIMS: Trade Related Investment
Measures.
Restrictions imposed by a government
on foreign investment in the country.
•TRIPS: Trade Related aspects of
Intellectual Property Rights.
Regulation of intellectual property
rights.

10. PRINCIPLES OF WTO
• Trade Without Descrimination.
1. MFN(Most Favoured Nation)
2. National Treatment
• Free Trade
• Promoting Fair Competition.
• Encouraging development and economic
reform.

11. CONCLUSION
•It is the place where the member
countries come and talk together and
shares their grievance in order to
resolve their problem related to
international trade.
•The system helps to promote peace
by handling the disputes of member
countries.

12. THANK YOU