The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement signed in 1947 to regulate international trade. It aimed to reduce trade barriers and tariffs, expand global production and trade, and ensure full employment. Key principles of GATT were that trade should be non-discriminatory, quantitative trade restrictions prohibited, and trade disputes resolved through consultation. GATT lasted until 1995 when it was replaced by the World Trade Organization.
OBJECTIVE
The World Trade Organization (WTO) is the global international organization dealing with the rules of trade between nations. Trade Agreements are negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and freely as possible. In this webinar, we shall understand the role and functions of the WTO and the importance and impact of Trade Agreements in global trade.
GATT (General Agreement on Tariff and Trade)Akshay Dhamija
GATT (General Agreement on Tariff and Trade)
Precursor organization to GATT, ITO, was first proposed in
February 1945 by the United Nations Economic and Social Council (UNESCO).
On 1 January 1948, the agreement was signed by 23 countries for the formation of GATT.
Total of 8 rounds was there, all are listed along with their respective year, venue and issues are mentioned in the sides.
Table of Contents
General Agreement on Tariffs and Trade 3
First Phase : 5
Second Phase : 5
Third Phase : 5
OBJECTIVES OF GATT : 5
OBJECTIVES OF GATT : 5
FUNDAMENTAL PRINCIPLES OF GATT : 5
OTHER FUNCTIONS OF GATT : 5
OTHER FUNCTIONS OF GATT : 5
Did GATT succeed? : 6
Slide 20: 6
Slide 21: 6
Slide 22: 6
Slide 23: 6
Slide 24: 6
Difference between GATT & WTO 7
World Trade Organization- Brief OverviewKashyap Shah
How and WHY GATT changed to WTO ?
What are the various functions & objectives of WTO.
Some of the key characteristics of WTO Agreements
From India's Perspective- Advantages & Disadvantages
OBJECTIVE
The World Trade Organization (WTO) is the global international organization dealing with the rules of trade between nations. Trade Agreements are negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and freely as possible. In this webinar, we shall understand the role and functions of the WTO and the importance and impact of Trade Agreements in global trade.
GATT (General Agreement on Tariff and Trade)Akshay Dhamija
GATT (General Agreement on Tariff and Trade)
Precursor organization to GATT, ITO, was first proposed in
February 1945 by the United Nations Economic and Social Council (UNESCO).
On 1 January 1948, the agreement was signed by 23 countries for the formation of GATT.
Total of 8 rounds was there, all are listed along with their respective year, venue and issues are mentioned in the sides.
Table of Contents
General Agreement on Tariffs and Trade 3
First Phase : 5
Second Phase : 5
Third Phase : 5
OBJECTIVES OF GATT : 5
OBJECTIVES OF GATT : 5
FUNDAMENTAL PRINCIPLES OF GATT : 5
OTHER FUNCTIONS OF GATT : 5
OTHER FUNCTIONS OF GATT : 5
Did GATT succeed? : 6
Slide 20: 6
Slide 21: 6
Slide 22: 6
Slide 23: 6
Slide 24: 6
Difference between GATT & WTO 7
World Trade Organization- Brief OverviewKashyap Shah
How and WHY GATT changed to WTO ?
What are the various functions & objectives of WTO.
Some of the key characteristics of WTO Agreements
From India's Perspective- Advantages & Disadvantages
Basic information about the World Trade Organization (WTO). Establishment, evolution and formation of the final act in 1994. The Result of Uruguay Round negotiation for a multilateral Trading System.
INTER NATIONAL TRADE POWER POINT copy.pptxAngelMoonga
Power point présentation on importance of the GATT and the rounds held under it for improving, it and omission of unnecessary provisions. Specifically the Tokyo, and Kennedy rounds.
World Trade Organization (WTO) is the multilateral trading system created with the purpose of supervising and liberalizing international trade.
WTO regulation of trade between member countries.
It is also responsible for enforcing trade laws, agreements and resolving disputes
Introduction
Profile of WTO
Objectives of WTO
History
Formation of WTO
Structure of WTO
Ministerial of WTO
How to Join the WTO
Dark Side of the WTO
Difference between GATT and WTO
GATT(GENERAL AGREEMENTS OF TARIFF AND TRADE)sajal789
this ppt contains information regarding gatt and its functioning and how it facilitates global peace and provides stability in doing international trade
This presentation talks about the intellectual property rights and the various treaties related to them, their history and functions, GATT, WTO, International Agreements, Madrid Protocol, TRIPS and Berne Convention are given in detail. The presentation will give you an overview of how IPR works in trade relalated aspects throughout the world, across international borders.
Similar to GENERAL AGREEMENT ON TARIFFS AND TRADE (20)
2. INTRODUCTION
• General Agreement on Tariffs and Trade
(GATT) was a multilateral agreement
regulating international trade.
• GATT was established in 1947.
• Transformed to World Trade
Organization(WTO) IN 1995.
3. OBJECTIVES OF GATT
• Reduced tariff-barriers and free trade.
• Developing full use of resources of the world.
• Expansion of production and international
trade.
• Ensuring full employment and large and
steady growing volume of real income and
effective demand.
4. PRINCIPLE OF GATT
• Trade should be on non-discriminatory basis.
• Quantitative restrictions on trade are
prohibited.
• Settlement of trade disputes should be
achieved through consultations within the
framework of GATT.
• Tariff reductions are to be accomplished in a
series of multilateral negotiations, or GATT
rounds
5. EVALUATION OF GATT
• GATT was signed by 23 nations in Geneva on
October 30, 1947 and took effect on January
1, 1948. It lasted until the signature by 123
nations in Marrakesh on April 14, 1994 of the
Uruguay Round Agreements, which
established the World Trade
Organization (WTO) on January 1, 1995.
6. Difference between GATT & WTO
GATT
GATT was provisional.
GATT has contracting
parties.
GATT system allows
existing domestic,
legislation to continue even
if it violated GATT
agreement.
GATT was less powerful and
dispute settlement
mechanism was less
efficient
WTO
WTO is permanent.
WTO has members.
WTO does not permit this.
WTO is more powerful and
dispute settlement
mechanism was more
efficient.
7. FUNCTIONS OF GATT
• Most favored nation clause.
• Trade negotiations.
• Tariff and non-tariff measures.
• Safeguards.
• Complaints and waivers.
• Settlement of disputes
