SlideShare a Scribd company logo

WORLD TRADE ORGANISATION

N
nithyam40

EVOLUTION OF WTO ❖ ITO ❖ GATT ❖ WTO ❖ FUNCTION OF WTO

1 of 8
Download to read offline
UGC NTA NET - COMMERCE
UNIT 1 - BUSINESS ENVIRONMENT &
INTERNATIONAL BUSINESS
PART - 1
❖ EVOLUTION OF WTO
❖ ITO
❖ GATT
❖ WTO
❖ FUNCTION OF WTO
Great
Depression -
1929
Smooth Hawely
Tariff Act - 1930
Tariff war
World War II
1939 - 1945
Bretton Wood
Conference - 1944
1944
● IMF
● IBRD
● ITO
Evolution
of WTO
The International Trade Organization (ITO) was the proposed name
for an international institution for the regulation of trade.Led by the United
States in collaboration with allies, the effort to form the organization from 1945
to 1948, with the successful passing of the Havana Charter, eventually failed due
to lack of approval by the US Congress.
In Havana in 1948, the UN Conference on Trade and Employment
concluded a draft charter for the ITO, known as the Havana Charter, which
would have created extensive rules governing trade, investment, services, and
business and employment practices. However, the United States failed to ratify
the agreement.
ITO - INTERNATIONAL TRADE ORGANISATION
For 47 years
From 1948 to 1994, (GATT) provided the rules for world trade with some of
the highest growth rates in international commerce. It seemed well-established,
but throughout those 47 years, it was a provisional agreement
The Marrakesh Agreement, manifested by the Marrakesh Declaration,
was an agreement signed in Marrakesh, Morocco, by 123 nations on 15 April
1994, marking the culmination of the 8-year-long Uruguay Round. The
World Trade Organization, which officially came on 1 January 1995.
Reasons for failure of the GATT agreement can be justified, such as the
GATT by itself was only the set of rules and multilateral agreements and has no
constituent bases, it was only interested in trade in goods without
paying attention to services and intellectual property rights.
GATT - General Agreement on Tariffs and Trade
WTO is an international organization that is concerned with the
regulation of international trade between nations. The WTO officially
commenced on 1 January 1995 under the Marrakesh Agreement, signed
by 123 nations on 15 April 1994, replacing the General Agreement on
Tariffs and Trade (GATT), which commenced in 1948.
The WTO deals with regulation of trade in goods, services and
intellectual property between participating countries by providing a
framework for negotiating trade agreements and a dispute resolution
process aimed at enforcing participants' adherence to WTO
agreements, which are signed by representatives of member
governments
WTO - World Trade Organization

Recommended

Evolution of WTO .pptx
Evolution of WTO .pptxEvolution of WTO .pptx
Evolution of WTO .pptxBhawna173140
 
Intellectual Property Rights (IPR)
Intellectual Property Rights (IPR) Intellectual Property Rights (IPR)
Intellectual Property Rights (IPR) Prarthna Nanda
 
Gatt.....niloy
Gatt.....niloyGatt.....niloy
Gatt.....niloyNiloy Saha
 
International Trade Organization
International Trade OrganizationInternational Trade Organization
International Trade OrganizationAditya Shah
 
Chapter 3
Chapter 3Chapter 3
Chapter 3sriram
 
WORLD TRADE ORGANIZATION (WTO)
WORLD TRADE ORGANIZATION (WTO)WORLD TRADE ORGANIZATION (WTO)
WORLD TRADE ORGANIZATION (WTO)Jyoti Rastogi
 

More Related Content

Similar to WORLD TRADE ORGANISATION

Similar to WORLD TRADE ORGANISATION (20)

WTO & GATT
WTO & GATTWTO & GATT
WTO & GATT
 
Wto by nasir ibal
Wto by nasir ibalWto by nasir ibal
Wto by nasir ibal
 
WORLD TRADE ORGANIZATION.pptx
WORLD TRADE ORGANIZATION.pptxWORLD TRADE ORGANIZATION.pptx
WORLD TRADE ORGANIZATION.pptx
 
Wto
WtoWto
Wto
 
wto final.pptx
wto final.pptxwto final.pptx
wto final.pptx
 
World Trade Organisation
World Trade OrganisationWorld Trade Organisation
World Trade Organisation
 
Introduction to wto
Introduction to wtoIntroduction to wto
Introduction to wto
 
Wto
WtoWto
Wto
 
Wto and gatt
Wto and gattWto and gatt
Wto and gatt
 
Evolution of World Trade Organization.docx
Evolution of World Trade Organization.docxEvolution of World Trade Organization.docx
Evolution of World Trade Organization.docx
 
Wto
WtoWto
Wto
 
Wto
WtoWto
Wto
 
World Trade Organization
World Trade OrganizationWorld Trade Organization
World Trade Organization
 
Word Trade Organization
Word Trade OrganizationWord Trade Organization
Word Trade Organization
 
Wto
WtoWto
Wto
 
World trade organisation1
World trade organisation1World trade organisation1
World trade organisation1
 
World Trade Organization (WTO)
 World Trade Organization (WTO) World Trade Organization (WTO)
World Trade Organization (WTO)
 
The world trade organization (wto)
The world trade organization (wto)The world trade organization (wto)
The world trade organization (wto)
 
International Trade Law 1.pptx
International Trade Law 1.pptxInternational Trade Law 1.pptx
International Trade Law 1.pptx
 
Wto final group
Wto final groupWto final group
Wto final group
 

More from nithyam40

BUYER DECISION PROCESS
BUYER DECISION PROCESSBUYER DECISION PROCESS
BUYER DECISION PROCESSnithyam40
 
consumer involvement.pdf
consumer involvement.pdfconsumer involvement.pdf
consumer involvement.pdfnithyam40
 
SEGMENTATION OF CONSUMER
SEGMENTATION OF CONSUMERSEGMENTATION OF CONSUMER
SEGMENTATION OF CONSUMERnithyam40
 
PERCEPTION OF CONSUMER BEHAVIOUR
PERCEPTION OF CONSUMER BEHAVIOURPERCEPTION OF CONSUMER BEHAVIOUR
PERCEPTION OF CONSUMER BEHAVIOURnithyam40
 
Models of consumer behavior.pptx
Models of consumer behavior.pptxModels of consumer behavior.pptx
Models of consumer behavior.pptxnithyam40
 
customer perception ppt.pptx
customer perception ppt.pptxcustomer perception ppt.pptx
customer perception ppt.pptxnithyam40
 
Information Technology Act.pdf
Information Technology Act.pdfInformation Technology Act.pdf
Information Technology Act.pdfnithyam40
 
CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYCORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYnithyam40
 
BANKING MONETARY POLICY.pptx
BANKING MONETARY POLICY.pptxBANKING MONETARY POLICY.pptx
BANKING MONETARY POLICY.pptxnithyam40
 
Types of pricing strategy
Types of pricing strategyTypes of pricing strategy
Types of pricing strategynithyam40
 
CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYCORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYnithyam40
 
Introduction to salary
Introduction to salaryIntroduction to salary
Introduction to salarynithyam40
 
Functions of marketing
Functions of marketingFunctions of marketing
Functions of marketingnithyam40
 
Communication, meaning and introduction
Communication, meaning and introductionCommunication, meaning and introduction
Communication, meaning and introductionnithyam40
 
Marketing - nature / scope / concept
Marketing - nature / scope / conceptMarketing - nature / scope / concept
Marketing - nature / scope / conceptnithyam40
 

More from nithyam40 (16)

BUYER DECISION PROCESS
BUYER DECISION PROCESSBUYER DECISION PROCESS
BUYER DECISION PROCESS
 
consumer involvement.pdf
consumer involvement.pdfconsumer involvement.pdf
consumer involvement.pdf
 
SEGMENTATION OF CONSUMER
SEGMENTATION OF CONSUMERSEGMENTATION OF CONSUMER
SEGMENTATION OF CONSUMER
 
PERCEPTION OF CONSUMER BEHAVIOUR
PERCEPTION OF CONSUMER BEHAVIOURPERCEPTION OF CONSUMER BEHAVIOUR
PERCEPTION OF CONSUMER BEHAVIOUR
 
Models of consumer behavior.pptx
Models of consumer behavior.pptxModels of consumer behavior.pptx
Models of consumer behavior.pptx
 
customer perception ppt.pptx
customer perception ppt.pptxcustomer perception ppt.pptx
customer perception ppt.pptx
 
Information Technology Act.pdf
Information Technology Act.pdfInformation Technology Act.pdf
Information Technology Act.pdf
 
WTO
WTOWTO
WTO
 
CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYCORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITY
 
BANKING MONETARY POLICY.pptx
BANKING MONETARY POLICY.pptxBANKING MONETARY POLICY.pptx
BANKING MONETARY POLICY.pptx
 
Types of pricing strategy
Types of pricing strategyTypes of pricing strategy
Types of pricing strategy
 
CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYCORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITY
 
Introduction to salary
Introduction to salaryIntroduction to salary
Introduction to salary
 
Functions of marketing
Functions of marketingFunctions of marketing
Functions of marketing
 
Communication, meaning and introduction
Communication, meaning and introductionCommunication, meaning and introduction
Communication, meaning and introduction
 
Marketing - nature / scope / concept
Marketing - nature / scope / conceptMarketing - nature / scope / concept
Marketing - nature / scope / concept
 

Recently uploaded

Stock Market Brief Deck for 2:22 youtube vid.pdf
Stock Market Brief Deck for 2:22 youtube vid.pdfStock Market Brief Deck for 2:22 youtube vid.pdf
Stock Market Brief Deck for 2:22 youtube vid.pdfMichael Silva
 
2024.02-The-radical-option-in-UK-pensions-New-Financial.pdf
2024.02-The-radical-option-in-UK-pensions-New-Financial.pdf2024.02-The-radical-option-in-UK-pensions-New-Financial.pdf
2024.02-The-radical-option-in-UK-pensions-New-Financial.pdfHenry Tapper
 
Shrambal_Distributors_February_Newsletter_2024.pdf
Shrambal_Distributors_February_Newsletter_2024.pdfShrambal_Distributors_February_Newsletter_2024.pdf
Shrambal_Distributors_February_Newsletter_2024.pdfvikashdidwania1
 
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...Adrian Sanabria
 
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdfHenry Tapper
 
National Income National Income National Income
National Income National Income National IncomeNational Income National Income National Income
National Income National Income National Income19920606201903202019
 
99MW Nearshore Wind Farm in Colombia.pdf
99MW Nearshore Wind Farm in Colombia.pdf99MW Nearshore Wind Farm in Colombia.pdf
99MW Nearshore Wind Farm in Colombia.pdfVictoriaGaleano
 
business-model-canvas for collaborative business
business-model-canvas for collaborative businessbusiness-model-canvas for collaborative business
business-model-canvas for collaborative businessramijadpro
 
Q4 2023 Conference Call Presentation FINAL-v4.pdf
Q4 2023 Conference Call Presentation FINAL-v4.pdfQ4 2023 Conference Call Presentation FINAL-v4.pdf
Q4 2023 Conference Call Presentation FINAL-v4.pdfAdnet Communications
 
TIM GROUP FY '23 Preliminary Results.pdf
TIM GROUP FY '23 Preliminary Results.pdfTIM GROUP FY '23 Preliminary Results.pdf
TIM GROUP FY '23 Preliminary Results.pdfGruppo TIM
 
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptxSlideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptxOffice for National Statistics
 
Stock Market Brief Deck for 2/21/24 .pdf
Stock Market Brief Deck for 2/21/24 .pdfStock Market Brief Deck for 2/21/24 .pdf
Stock Market Brief Deck for 2/21/24 .pdfMichael Silva
 
Chartered accountant in delhi (top 10 CA in delhi)
Chartered accountant in delhi (top 10 CA in delhi)Chartered accountant in delhi (top 10 CA in delhi)
Chartered accountant in delhi (top 10 CA in delhi)supriyadmpinstitute
 
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdfAdnet Communications
 
letter to the EF and Premiership about pension liabilities
letter to the EF and Premiership about pension liabilitiesletter to the EF and Premiership about pension liabilities
letter to the EF and Premiership about pension liabilitiesHenry Tapper
 
The Case for Commodities as an Asset Class.ppt
The Case for Commodities as an Asset Class.pptThe Case for Commodities as an Asset Class.ppt
The Case for Commodities as an Asset Class.pptJinzhiFeng1
 
Demand and Supply Elasticity in Healthcare
Demand and Supply Elasticity in HealthcareDemand and Supply Elasticity in Healthcare
Demand and Supply Elasticity in HealthcareZulfiquer Ahmed Amin
 
Cultural background and entrepreneurial spirit in retail - European Business ...
Cultural background and entrepreneurial spirit in retail - European Business ...Cultural background and entrepreneurial spirit in retail - European Business ...
Cultural background and entrepreneurial spirit in retail - European Business ...Antonis Zairis
 

Recently uploaded (19)

Stock Market Brief Deck for 2:22 youtube vid.pdf
Stock Market Brief Deck for 2:22 youtube vid.pdfStock Market Brief Deck for 2:22 youtube vid.pdf
Stock Market Brief Deck for 2:22 youtube vid.pdf
 
2024.02-The-radical-option-in-UK-pensions-New-Financial.pdf
2024.02-The-radical-option-in-UK-pensions-New-Financial.pdf2024.02-The-radical-option-in-UK-pensions-New-Financial.pdf
2024.02-The-radical-option-in-UK-pensions-New-Financial.pdf
 
Shrambal_Distributors_February_Newsletter_2024.pdf
Shrambal_Distributors_February_Newsletter_2024.pdfShrambal_Distributors_February_Newsletter_2024.pdf
Shrambal_Distributors_February_Newsletter_2024.pdf
 
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
 
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
 
National Income National Income National Income
National Income National Income National IncomeNational Income National Income National Income
National Income National Income National Income
 
99MW Nearshore Wind Farm in Colombia.pdf
99MW Nearshore Wind Farm in Colombia.pdf99MW Nearshore Wind Farm in Colombia.pdf
99MW Nearshore Wind Farm in Colombia.pdf
 
business-model-canvas for collaborative business
business-model-canvas for collaborative businessbusiness-model-canvas for collaborative business
business-model-canvas for collaborative business
 
Q4 2023 Conference Call Presentation FINAL-v4.pdf
Q4 2023 Conference Call Presentation FINAL-v4.pdfQ4 2023 Conference Call Presentation FINAL-v4.pdf
Q4 2023 Conference Call Presentation FINAL-v4.pdf
 
TIM GROUP FY '23 Preliminary Results.pdf
TIM GROUP FY '23 Preliminary Results.pdfTIM GROUP FY '23 Preliminary Results.pdf
TIM GROUP FY '23 Preliminary Results.pdf
 
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptxSlideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
 
Stock Market Brief Deck for 2/21/24 .pdf
Stock Market Brief Deck for 2/21/24 .pdfStock Market Brief Deck for 2/21/24 .pdf
Stock Market Brief Deck for 2/21/24 .pdf
 
Chartered accountant in delhi (top 10 CA in delhi)
Chartered accountant in delhi (top 10 CA in delhi)Chartered accountant in delhi (top 10 CA in delhi)
Chartered accountant in delhi (top 10 CA in delhi)
 
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
 
letter to the EF and Premiership about pension liabilities
letter to the EF and Premiership about pension liabilitiesletter to the EF and Premiership about pension liabilities
letter to the EF and Premiership about pension liabilities
 
Monthly Economic Monitoring of Ukraine No.229, February 2024
Monthly Economic Monitoring of Ukraine No.229, February 2024Monthly Economic Monitoring of Ukraine No.229, February 2024
Monthly Economic Monitoring of Ukraine No.229, February 2024
 
The Case for Commodities as an Asset Class.ppt
The Case for Commodities as an Asset Class.pptThe Case for Commodities as an Asset Class.ppt
The Case for Commodities as an Asset Class.ppt
 
Demand and Supply Elasticity in Healthcare
Demand and Supply Elasticity in HealthcareDemand and Supply Elasticity in Healthcare
Demand and Supply Elasticity in Healthcare
 
Cultural background and entrepreneurial spirit in retail - European Business ...
Cultural background and entrepreneurial spirit in retail - European Business ...Cultural background and entrepreneurial spirit in retail - European Business ...
Cultural background and entrepreneurial spirit in retail - European Business ...
 

WORLD TRADE ORGANISATION

  • 1. UGC NTA NET - COMMERCE UNIT 1 - BUSINESS ENVIRONMENT & INTERNATIONAL BUSINESS PART - 1
  • 2. ❖ EVOLUTION OF WTO ❖ ITO ❖ GATT ❖ WTO ❖ FUNCTION OF WTO
  • 3. Great Depression - 1929 Smooth Hawely Tariff Act - 1930 Tariff war World War II 1939 - 1945 Bretton Wood Conference - 1944 1944 ● IMF ● IBRD ● ITO Evolution of WTO
  • 4. The International Trade Organization (ITO) was the proposed name for an international institution for the regulation of trade.Led by the United States in collaboration with allies, the effort to form the organization from 1945 to 1948, with the successful passing of the Havana Charter, eventually failed due to lack of approval by the US Congress. In Havana in 1948, the UN Conference on Trade and Employment concluded a draft charter for the ITO, known as the Havana Charter, which would have created extensive rules governing trade, investment, services, and business and employment practices. However, the United States failed to ratify the agreement. ITO - INTERNATIONAL TRADE ORGANISATION
  • 5. For 47 years From 1948 to 1994, (GATT) provided the rules for world trade with some of the highest growth rates in international commerce. It seemed well-established, but throughout those 47 years, it was a provisional agreement The Marrakesh Agreement, manifested by the Marrakesh Declaration, was an agreement signed in Marrakesh, Morocco, by 123 nations on 15 April 1994, marking the culmination of the 8-year-long Uruguay Round. The World Trade Organization, which officially came on 1 January 1995. Reasons for failure of the GATT agreement can be justified, such as the GATT by itself was only the set of rules and multilateral agreements and has no constituent bases, it was only interested in trade in goods without paying attention to services and intellectual property rights. GATT - General Agreement on Tariffs and Trade
  • 6. WTO is an international organization that is concerned with the regulation of international trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. The WTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments WTO - World Trade Organization
  • 7. Location - Geneva, Switzerland Established - 1 January 1995 Membership - 164 members representing 98% world trade Budget - 197 million Swiss francs for 2019 Secretariat staff - 625 Head - Roberto Azevedo (Director-General) Function/ Objectives ● Administering WTO trade agreements ● Forum for trade negotiations ● Handling trade disputes ● Monitoring national trade policies ● Technical assistance and training for developing countries ● Cooperation with other international organizations
  • 8. SUBSCRIBE AND TAP BELL ICON