The document discusses the history and objectives of the General Agreement on Tariffs and Trade (GATT). It describes how GATT was first signed in 1947 with the objectives of reducing barriers to international trade and regulating tariffs. It provided a mechanism for resolving trade disputes between member states. The document also discusses how GATT impacted India, including strengthening its pharmaceutical industry through increased research and market access for agricultural goods through tariff reductions. Finally, it briefly outlines the creation and objectives of the General Agreement on Trade in Services (GATS).
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
Recent developments in WTO and food subsides in IndiaSunil Kumar B R
Introduction- WTO and agreements
Ministerial conference -Issues in agriculture
Trends in Indian subsidies and its composition
Trade distortions- effect of subsidies on other countries and vice versa
Food subsidy
Conclusion
1. whether the Bank of Ethiopia had been dissolved or had otherwise ceased to exist, and if not, whether it had authorised the bringing of the action.
Decision: It was held that The Bank of Ethiopia had been dissolved by the Italian decree it had the authority to bring such action.
Reasoning: The government of Italy was a de facto government in entire control of the territory occupied and therefore having complete governmental control over that territory. sefei f dofi3e8 edfhe8f fe9f djfhe 9 efej9 4 odifmc xsie.A lawyer needs to research and try various strategy to get the best outcome for his client which can be different than a general explanation of the law. Therefore, it is advised to get an experienced lawyer if there is any specific problem to deal with, you can also Advocate Rayhanul Islam is the founder and Editor in Chief of Law Help BD. He is also a researcher. Critical thinking is his main focus. He is on a quest to bring positive change to the legal sector of Bangladesh. He promotes legal knowledge and human rights concept to the root level.
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The presentation aims at providing detailed knowledge about the transport mechanisms involved for delivering drugs and genes of interest inside the body, across the biological membranes.
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ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
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Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
2. The Story So Far...
Globalization started blossoming in the 1890’s. By
the end of the 19th century, trade was very free.
3. The Story So Far...
Globalization then
began failing at the
end of World War I,
at the beginning of the
20th century.
4. The Story So Far...
Economic pressure pushed countries to impose
trade barriers to divert national demand away from
imports and toward domestically produced goods.
Several organisations were formed and treaties
were then signed, one of which is GATT
5. GATT
The General Agreement on Tariffs and Trade (GATT) was
first signed in 1947.
Was designed
To provide an international forum
That encouraged free trade between member states
By regulating and reducing tariffs on traded goods
Providing a common mechanism for resolving trade
disputes.
6. Objectives of GATT
According to the Preamble of GATT,main objective
was the “Reduction of Barriers to
International Trade”
Tariff
Change in monetary value
Non tariff
Quality and quantity of products and
services
7. To expand International trade by liberating trade
and build an International trading system
To ensure orderly and equitable expansion of world
trade and contribute to the prosperity of US.
Objectives of GATT
8. To expand International trade by liberating trade
and build an International trading system
To ensure orderly and equitable expansion of world
trade and contribute to the prosperity of US.
Reduce foreign export subsides, tariff and non-tariff
barrier and internal supports.
Cuts costs by 50 – 100% on important electronic
items
Objectives of GATT
9. To expand International trade by liberating trade
and build an International trading system
To ensure orderly and equitable expansion of world
trade and contribute to the prosperity of US.
Reduce foreign export subsides, tariff and non-tariff
barrier and internal supports.
Cuts costs by 50 – 100% on important electronic
items
To strengthen and clarify rules for agricultural trade.
Better utilization of resource of the world.
Objectives of GATT
10.
11.
12. Place : DOHA
November 2001
Current trade-negotiation round of the
world trade organization
Issues: agriculture
Access to patented medicines
Special and differential
treatment
Implementation issues
The most recent round
13.
14. India was one of the 23 founding
contracting parties to the general
agreement on tariffs and trade (GATT) that
was concluded in october 1947.
India has often led groups of less developed
countries in subsequent rounds of
multilateral trade negotiations ( mtns)
under the auspices of the gatt.
GATT AND INDIA
15. •It was only after the GATT trade rounds that indian drugs industry
was allowed to patent its product.
•But the price of the patent was very expensive.
•Gatt strengthened india's pharma sector.
•Improved research base.
GATT and Indian Pharma Industry
16. THE MAIN OBJECTIVE OF THE GATT
TREATY IS TO REFORM WORLD
TRADE.
GATT AND INDIAN AGRI SECTOR IS
DIVIDED INTO 3 MAIN PHASES
MARKET ACCESS.
DOMESTIC SUPPORT.
EXPORT COMPETITION.
GATT and India’s Agriculture
Sector
17. GATT and Indian Agriculture
1. Market access.
In this all the gatt members were asked replace all the
trade barriers and to allow indian supplies into their
country.
Tariffs reduced by
24% to 36%.
18. GATT and Indian Agriculture
2. Domestic support.
Develop countries also supported india to grow their
domestic consumption.
India has a big
domestic market.
19. GATT and Indian Agriculture
3. Export competition.
Indian agriculture industry has always been strong.
India used to export to many developing and under
developed countries.
India only had
competition when
it comes to sales in
developed countries.
20.
21. The creation of the GATS was one of the landmark achievements
of the GATT URUGUAY ROUND , whose results entered into
force in january 1995.
All WTO members, some 140 economies at present, are at the
same time members of the GATS and, to varying degrees.
Objectives of GATS
• Creating a credible and reliable system of international
trade rules ;
• Ensuring fair and equitable treatment of all
participants (principle of non -discrimination);
•Stimulating economic activity through guaranteed policy
bindings;
•Promoting trade and development through progressive
liberalization.
Introduction
22. Business services
Communication
Construction
Distribution
Education
Environmental services
GATS: Sectoral Coverage
and exceptions
Health-Related Services
Financial Services
Tourism
Recreation, Culture & Sport
Transport
Other Services
** “services supplied in the exercise of governmental authority”: These
are services that are supplied neither on a commercial basis nor in competition
with other suppliers.
Example :social security schemes and any other public service, such as health or
education, that is provided at non-market conditions.
**Air Transport Services
Exceptions
23. Modes of service trade
1. Mode1: cross-border trade: –
Trade takes place from the territory of country a into that
of b
Example : The purchase of insurance
or computer software by a
consumer from a producer located
abroad.
24. Modes of service trade
Mode2: consumption abroad
Services consumed by nationals of a country A in territory
of country B.
Example :Tourism, education
or health services.
.
25. Modes of service trade
Mode 3: commercial presence
A service supplier of country a crosses the border to
establish and provide a service in country b.
Example: Domestic subsidiaries of
foreign insurance companies or hotel
Chains.
26. Modes of service trade
Mode 4: movement of natural persons
Temporary movement from country a to country b to supply
a service.
Example. Accountants,
doctors or teachers
teachers
27. Obligations of GATS
General Specific
1. Most Favoured Nation (MFN)
Treatment
This requires equal and consistent
treatment of all foreign trading partners. It
means:
•Providing equal opportunities in that
sector for all foreign service providers.
•mutual exclusive treatment for all service
providers
2. Transparency
GATS Members are required, to
publish all measures of general
application
And establish national enquiry
points mandated to respond to
other Member's information
requests.
28. Specific Obligations
1. National Treatment
It requires equal treatment for
foreign providers and domestic
providers.
Once a foreign supplier has been
allowed to supply a service in one’s
country there should be no
discrimination in treatment between
the foreign and domestic providers.
2.Market Access: Market access is a
negotiated commitment in specified
sectors.
It may be made subject to various types of
limitations that are enumerated in
Article XVI(2).
For example, limitations may be imposed
on the number of services suppliers,
service operations or employees in the
sector; the value of transactions; the legal
form of the service supplier; or the
participation of foreign capital.