SlideShare a Scribd company logo
CONTENTS:
 Introduction
 Structure of world trade
organization(WTO)
 Nature of WTO
 Scope of WTO
Introduction
 The world trade organization is ‘member -
driven’, with decisions taken by general
agreement among all member countries
and it deals with the rules of trade between
nations at global level.
 They deal with agriculture , textiles and
clothing ,banking , telecommunication
,government purchases , industrial
standards and product safety , intellectual
properties
 The WTO agreements are lengthy
and complex because they are
legally text covering a wide range of
activates among member countries
trade and services
 The WTO came into origin on Jan
1st 1995. It was the lengthy uruguay
round of GATT negotiations. The
WTO was essentially an extension
of GATT
 It extended GATT into two major ways
:
First GATT became only one of the
three major trade agreements that
went into the WTO(and the other two
being the GATS and TRIPS)
The Ministerial Conference
 The Ministerial Conference , which is composed
of international trade ministers from all member
countries.
 This is the governing body of the WTO,
responsible for setting the strategic direction of the
organization and making all final decisions on
agreements under its wings.
 The Ministerial Conference meets at least once
every two years.
 Although voting can take place, decisions are
generally taken by consensus, a process that can
at times be difficult, particularly in a body
composed of 136 very different members.
The General Council
 It is composed of senior representatives
(usually ambassador level) of all
members. It is responsible for overseeing
the day-to-day business and
management of the WTO, and is based
at the WTO headquarters in Geneva. In
practice, this is the key decision-making
arm of the WTO for most issues. Several
of the bodies described below report
directly to the General Council.
The Trade Policy Review
Body
 The Trade Policy Review Body is also
composed of all the WTO members, and
oversees the Trade Policy Review
Mechanism, a product of the Uruguay
Round. It periodically reviews the trade
policies and practices of all member states.
 These reviews are intended to provide a
general indication of how states are
implementing their obligations, and to
contribute to improved adherence by the
WTO parties to their obligations.
Free trade agreement
The Dispute Settlement
Body
 The Dispute Settlement Body is also composed
of all the WTO members.
 It oversees the implementation and effectiveness
of the dispute resolution process for all WTO
agreements,
 the implementation of the decisions on WTO
disputes. Disputes are heard and ruled on by
dispute resolution panels chosen individually for
each case
 the permanent Appellate Body that was
established in 1994. Dispute resolution is
mandatory and binding on all members.
 A final decision of the Appellate Body can only be
reversed by a full consensus of the Dispute
Settlement Body.
Dispute settlement body
The Councils on Trade in
Goods and Trade in Services
 The Councils on Trade in Goods and
Trade in Services operate under the
mandate of the General Council and are
composed of all members. They provide
a mechanism to oversee the details of
the general and specific agreements on
trade in goods (such as those on textiles
and agriculture) and trade in services.
There is also a Council for the
Agreement on Trade-Related Aspects of
Intellectual Property Rights, dealing with
just that agreement and subject area.
The Secretariat and Director
General
 The Secretariat and Director
General of the WTO reside in Geneva,
in the old home of GATT. The Secretariat
now numbers just under 550 people, and
undertakes the administrative functions
of running all aspects of the organization.
The Secretariat has no legal decision-
making powers but provides vital
services, and often advice, to those who
do. The Secretariat is headed by the
Director General, who is elected by the
members.
The Committee on Trade and
Development and
Committee on Trade and
Environment
 The Committee on Trade and
Development and Committee on
Trade and Environment are two of the
several committees continued or
established under the Marrakech
Agreement in 1994. They have
specific mandates to focus on these
relationships, which are especially
relevant to how the WTO deals with
sustainable development issues.
Nature of WTO:
 The WTO aims to achieve its objectives by
reducing existing barriers to trade and by
preventing new ones from developing.
 It seeks to ensure fair and equal
competitive conditions for market access,
and predictability of access for all traded
goods and services.
 This approach is based on two
fundamental principles: the national-
treatment and most-favored nation
principles.
 Together, they form the critical "discipline"
of non-discrimination at the core of trade
 Contd..
 The principle of national treatment
requires, in its simplest terms, that the
goods and services of other countries
be treated in the same way as those of
your own country.
 The most-favoured nation principle
requires that if special treatment is
given to the goods and services of one
country, they must be given to all WTO
member countries. No one country
should receive favours that distort trade.
Scope of WTO:
 To oversee implementing and
administering WTO agreements.
 To provide a forum for negotiations.
 To provide a dispute settlement
mechanism.
 Raising standards of living.
 Ensuring full employment.
 Ensuring large and steadily growing real
incomes and demand.
 Expanding the production of and trade in
goods and services.
Thank you
THANK YOU

More Related Content

What's hot

GATT presentation BY Salman Anjum
GATT presentation BY Salman AnjumGATT presentation BY Salman Anjum
GATT presentation BY Salman Anjum
MD SALMAN ANJUM
 
GATT AND WTO
GATT AND WTOGATT AND WTO
GATT AND WTO
Ankit Porwal
 
Unctad
UnctadUnctad
Wto and its impact on indian economy
Wto and its impact on indian economyWto and its impact on indian economy
Wto and its impact on indian economy
kenalpatel
 
WTO _ World trade organisation
WTO _ World trade organisationWTO _ World trade organisation
WTO _ World trade organisation
Ashuvyas2128
 
The world trade organization (wto)
The world trade organization (wto)The world trade organization (wto)
The world trade organization (wto)Tinaaz Wadia
 
The structure of the WTO
The structure of the WTOThe structure of the WTO
The structure of the WTO
Lutfur Rahman
 
Wto ppt
Wto pptWto ppt
Wto ppt
rk2its
 
World Trade Organisation (WTO)
World Trade Organisation (WTO)World Trade Organisation (WTO)
World Trade Organisation (WTO)
Harshit Ahuja
 
Wto ppt
Wto pptWto ppt
Wto ppt
Saurabh Negi
 
International Trade Organization
International Trade OrganizationInternational Trade Organization
International Trade OrganizationAditya Shah
 
WORLD TRADE ORGANISATION
WORLD TRADE ORGANISATIONWORLD TRADE ORGANISATION
WORLD TRADE ORGANISATION
Avi Vani
 
World Trade Organisation
World Trade OrganisationWorld Trade Organisation
World Trade Organisation
CA Dr. Prithvi Ranjan Parhi
 
General agreement on tariffs and trade (GATT)
General agreement on tariffs and trade (GATT)General agreement on tariffs and trade (GATT)
General agreement on tariffs and trade (GATT)
Nambi Nam
 
GATT : General Agreement on Tariffs and Trade and GATS : General Agreement on...
GATT : General Agreement on Tariffs and Trade and GATS : General Agreement on...GATT : General Agreement on Tariffs and Trade and GATS : General Agreement on...
GATT : General Agreement on Tariffs and Trade and GATS : General Agreement on...
Sakshi Saxena
 

What's hot (20)

WTO and GATT
WTO and GATTWTO and GATT
WTO and GATT
 
GATT presentation BY Salman Anjum
GATT presentation BY Salman AnjumGATT presentation BY Salman Anjum
GATT presentation BY Salman Anjum
 
GATT AND WTO
GATT AND WTOGATT AND WTO
GATT AND WTO
 
Unctad
UnctadUnctad
Unctad
 
What is gatt
What is gattWhat is gatt
What is gatt
 
Wto and its impact on indian economy
Wto and its impact on indian economyWto and its impact on indian economy
Wto and its impact on indian economy
 
Wto
WtoWto
Wto
 
WTO _ World trade organisation
WTO _ World trade organisationWTO _ World trade organisation
WTO _ World trade organisation
 
The world trade organization (wto)
The world trade organization (wto)The world trade organization (wto)
The world trade organization (wto)
 
Functions of wto
Functions of wtoFunctions of wto
Functions of wto
 
The structure of the WTO
The structure of the WTOThe structure of the WTO
The structure of the WTO
 
Wto ppt
Wto pptWto ppt
Wto ppt
 
World Trade Organisation (WTO)
World Trade Organisation (WTO)World Trade Organisation (WTO)
World Trade Organisation (WTO)
 
Wto ppt
Wto pptWto ppt
Wto ppt
 
Anti dumping
Anti dumpingAnti dumping
Anti dumping
 
International Trade Organization
International Trade OrganizationInternational Trade Organization
International Trade Organization
 
WORLD TRADE ORGANISATION
WORLD TRADE ORGANISATIONWORLD TRADE ORGANISATION
WORLD TRADE ORGANISATION
 
World Trade Organisation
World Trade OrganisationWorld Trade Organisation
World Trade Organisation
 
General agreement on tariffs and trade (GATT)
General agreement on tariffs and trade (GATT)General agreement on tariffs and trade (GATT)
General agreement on tariffs and trade (GATT)
 
GATT : General Agreement on Tariffs and Trade and GATS : General Agreement on...
GATT : General Agreement on Tariffs and Trade and GATS : General Agreement on...GATT : General Agreement on Tariffs and Trade and GATS : General Agreement on...
GATT : General Agreement on Tariffs and Trade and GATS : General Agreement on...
 

Viewers also liked

Wto scope introd
Wto scope introdWto scope introd
World Trade Organisation
World Trade OrganisationWorld Trade Organisation
World Trade Organisation
aishawadhwani
 
Presentation on wto & india
Presentation on wto & indiaPresentation on wto & india
Presentation on wto & indiaPreeti Gulati
 
WORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATIONWORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATIONKaustubh Gupta
 

Viewers also liked (6)

Wto scope introd
Wto scope introdWto scope introd
Wto scope introd
 
World Trade Organisation
World Trade OrganisationWorld Trade Organisation
World Trade Organisation
 
Wto
WtoWto
Wto
 
Presentation on wto & india
Presentation on wto & indiaPresentation on wto & india
Presentation on wto & india
 
WORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATIONWORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATION
 
WTO (World Trade Organization)
WTO (World Trade Organization)WTO (World Trade Organization)
WTO (World Trade Organization)
 

Similar to World trade organisation

Presentation1 wto
Presentation1 wtoPresentation1 wto
Presentation1 wto
Sunit Kapoor
 
WTO PRESENTATION slides.pptx
WTO PRESENTATION slides.pptxWTO PRESENTATION slides.pptx
WTO PRESENTATION slides.pptx
FatimaRizwan18
 
World trade organisation documentary
World trade organisation documentaryWorld trade organisation documentary
World trade organisation documentary
vvidit
 
WTO structure by Arun Verma
WTO structure by Arun VermaWTO structure by Arun Verma
WTO structure by Arun Verma
Arun Verma
 
Wto
WtoWto
International marketing
International marketingInternational marketing
International marketinglalrindiki
 
Wto World trade organization
Wto World trade organizationWto World trade organization
Wto World trade organization
Md.Rezaul Hoque Razu
 
world trade organization
world trade organizationworld trade organization
world trade organizationAkeeb Siddiqui
 
WTO - BRICS Overview
WTO - BRICS OverviewWTO - BRICS Overview
WTO - BRICS Overview
Abhishek Das Sharma
 
WTO
WTOWTO
Wto
WtoWto
WTO world health organization
 WTO world health organization  WTO world health organization
WTO world health organization
SANJAY KUMAR JOGAR
 
World trade organisation (WTO)
World trade organisation (WTO)World trade organisation (WTO)
World trade organisation (WTO)
Saransh Talwar
 
WTO-Unit-1 BBA503.pptx
WTO-Unit-1 BBA503.pptxWTO-Unit-1 BBA503.pptx
WTO-Unit-1 BBA503.pptx
bibha737
 
Introduction to: International Trade Policy
Introduction to: International Trade PolicyIntroduction to: International Trade Policy
Introduction to: International Trade Policy
NamHi79
 
Drug export rule trims gatt sadc wto
Drug export rule trims gatt sadc wtoDrug export rule trims gatt sadc wto
Drug export rule trims gatt sadc wto
Chandigarh College of Pharmacy
 
Faculty-of-Economics-and-International-Business
Faculty-of-Economics-and-International-BusinessFaculty-of-Economics-and-International-Business
Faculty-of-Economics-and-International-Business
NamHi79
 
World Trade Organization - WTO - International Business - Manu Melwin Joy
World Trade Organization - WTO - International Business - Manu Melwin JoyWorld Trade Organization - WTO - International Business - Manu Melwin Joy
World Trade Organization - WTO - International Business - Manu Melwin Joy
manumelwin
 

Similar to World trade organisation (20)

Wto
WtoWto
Wto
 
Presentation1 wto
Presentation1 wtoPresentation1 wto
Presentation1 wto
 
WTO PRESENTATION slides.pptx
WTO PRESENTATION slides.pptxWTO PRESENTATION slides.pptx
WTO PRESENTATION slides.pptx
 
World trade organisation documentary
World trade organisation documentaryWorld trade organisation documentary
World trade organisation documentary
 
WTO structure by Arun Verma
WTO structure by Arun VermaWTO structure by Arun Verma
WTO structure by Arun Verma
 
Wto
WtoWto
Wto
 
International marketing
International marketingInternational marketing
International marketing
 
Wto by nasir ibal
Wto by nasir ibalWto by nasir ibal
Wto by nasir ibal
 
Wto World trade organization
Wto World trade organizationWto World trade organization
Wto World trade organization
 
world trade organization
world trade organizationworld trade organization
world trade organization
 
WTO - BRICS Overview
WTO - BRICS OverviewWTO - BRICS Overview
WTO - BRICS Overview
 
WTO
WTOWTO
WTO
 
Wto
WtoWto
Wto
 
WTO world health organization
 WTO world health organization  WTO world health organization
WTO world health organization
 
World trade organisation (WTO)
World trade organisation (WTO)World trade organisation (WTO)
World trade organisation (WTO)
 
WTO-Unit-1 BBA503.pptx
WTO-Unit-1 BBA503.pptxWTO-Unit-1 BBA503.pptx
WTO-Unit-1 BBA503.pptx
 
Introduction to: International Trade Policy
Introduction to: International Trade PolicyIntroduction to: International Trade Policy
Introduction to: International Trade Policy
 
Drug export rule trims gatt sadc wto
Drug export rule trims gatt sadc wtoDrug export rule trims gatt sadc wto
Drug export rule trims gatt sadc wto
 
Faculty-of-Economics-and-International-Business
Faculty-of-Economics-and-International-BusinessFaculty-of-Economics-and-International-Business
Faculty-of-Economics-and-International-Business
 
World Trade Organization - WTO - International Business - Manu Melwin Joy
World Trade Organization - WTO - International Business - Manu Melwin JoyWorld Trade Organization - WTO - International Business - Manu Melwin Joy
World Trade Organization - WTO - International Business - Manu Melwin Joy
 

More from jyyothees mv

Report writing in business communication
Report writing in business communicationReport writing in business communication
Report writing in business communication
jyyothees mv
 
Barriers of Communication in business communication
Barriers of Communication in business communicationBarriers of Communication in business communication
Barriers of Communication in business communication
jyyothees mv
 
Interpersonal Communication in business communication
Interpersonal Communication in business communicationInterpersonal Communication in business communication
Interpersonal Communication in business communication
jyyothees mv
 
TYPES OF COMMUNICATION IN BUSINESS COMMUNICATION
TYPES OF COMMUNICATION IN BUSINESS COMMUNICATIONTYPES OF COMMUNICATION IN BUSINESS COMMUNICATION
TYPES OF COMMUNICATION IN BUSINESS COMMUNICATION
jyyothees mv
 
BUSINESS COMMUNICATION
BUSINESS COMMUNICATIONBUSINESS COMMUNICATION
BUSINESS COMMUNICATION
jyyothees mv
 
Law of returns to scale
Law of returns to scaleLaw of returns to scale
Law of returns to scale
jyyothees mv
 
location of facilities
location of facilities location of facilities
location of facilities
jyyothees mv
 
Aggregate planning
Aggregate planningAggregate planning
Aggregate planning
jyyothees mv
 
Organisation policies for smoothing capacity utilisation
Organisation policies for smoothing capacity utilisationOrganisation policies for smoothing capacity utilisation
Organisation policies for smoothing capacity utilisation
jyyothees mv
 
ORGANISATION DEVELOPMENT,CONTRIBUTORY STEMS HISTORY
ORGANISATION DEVELOPMENT,CONTRIBUTORY STEMS HISTORYORGANISATION DEVELOPMENT,CONTRIBUTORY STEMS HISTORY
ORGANISATION DEVELOPMENT,CONTRIBUTORY STEMS HISTORY
jyyothees mv
 
COMPUTER AIDED DESIGN, COMPUTER AIDED MANUFACTURING
COMPUTER AIDED DESIGN, COMPUTER AIDED MANUFACTURINGCOMPUTER AIDED DESIGN, COMPUTER AIDED MANUFACTURING
COMPUTER AIDED DESIGN, COMPUTER AIDED MANUFACTURING
jyyothees mv
 
Facilities location om
Facilities location omFacilities location om
Facilities location om
jyyothees mv
 
SICK INDUSTRIAL COMPANIES ACT(SICA )
SICK INDUSTRIAL COMPANIES ACT(SICA )SICK INDUSTRIAL COMPANIES ACT(SICA )
SICK INDUSTRIAL COMPANIES ACT(SICA )
jyyothees mv
 
BUSINESS ENVIRONMENT
BUSINESS ENVIRONMENTBUSINESS ENVIRONMENT
BUSINESS ENVIRONMENT
jyyothees mv
 
Monetary policy
Monetary policyMonetary policy
Monetary policy
jyyothees mv
 
Finance comission
Finance comissionFinance comission
Finance comission
jyyothees mv
 
Monetary policy
Monetary policyMonetary policy
Monetary policy
jyyothees mv
 
sick industrial companies act 1985
sick industrial companies act  1985sick industrial companies act  1985
sick industrial companies act 1985
jyyothees mv
 
Monetary policy
Monetary policyMonetary policy
Monetary policy
jyyothees mv
 
Trade agreements
Trade agreementsTrade agreements
Trade agreements
jyyothees mv
 

More from jyyothees mv (20)

Report writing in business communication
Report writing in business communicationReport writing in business communication
Report writing in business communication
 
Barriers of Communication in business communication
Barriers of Communication in business communicationBarriers of Communication in business communication
Barriers of Communication in business communication
 
Interpersonal Communication in business communication
Interpersonal Communication in business communicationInterpersonal Communication in business communication
Interpersonal Communication in business communication
 
TYPES OF COMMUNICATION IN BUSINESS COMMUNICATION
TYPES OF COMMUNICATION IN BUSINESS COMMUNICATIONTYPES OF COMMUNICATION IN BUSINESS COMMUNICATION
TYPES OF COMMUNICATION IN BUSINESS COMMUNICATION
 
BUSINESS COMMUNICATION
BUSINESS COMMUNICATIONBUSINESS COMMUNICATION
BUSINESS COMMUNICATION
 
Law of returns to scale
Law of returns to scaleLaw of returns to scale
Law of returns to scale
 
location of facilities
location of facilities location of facilities
location of facilities
 
Aggregate planning
Aggregate planningAggregate planning
Aggregate planning
 
Organisation policies for smoothing capacity utilisation
Organisation policies for smoothing capacity utilisationOrganisation policies for smoothing capacity utilisation
Organisation policies for smoothing capacity utilisation
 
ORGANISATION DEVELOPMENT,CONTRIBUTORY STEMS HISTORY
ORGANISATION DEVELOPMENT,CONTRIBUTORY STEMS HISTORYORGANISATION DEVELOPMENT,CONTRIBUTORY STEMS HISTORY
ORGANISATION DEVELOPMENT,CONTRIBUTORY STEMS HISTORY
 
COMPUTER AIDED DESIGN, COMPUTER AIDED MANUFACTURING
COMPUTER AIDED DESIGN, COMPUTER AIDED MANUFACTURINGCOMPUTER AIDED DESIGN, COMPUTER AIDED MANUFACTURING
COMPUTER AIDED DESIGN, COMPUTER AIDED MANUFACTURING
 
Facilities location om
Facilities location omFacilities location om
Facilities location om
 
SICK INDUSTRIAL COMPANIES ACT(SICA )
SICK INDUSTRIAL COMPANIES ACT(SICA )SICK INDUSTRIAL COMPANIES ACT(SICA )
SICK INDUSTRIAL COMPANIES ACT(SICA )
 
BUSINESS ENVIRONMENT
BUSINESS ENVIRONMENTBUSINESS ENVIRONMENT
BUSINESS ENVIRONMENT
 
Monetary policy
Monetary policyMonetary policy
Monetary policy
 
Finance comission
Finance comissionFinance comission
Finance comission
 
Monetary policy
Monetary policyMonetary policy
Monetary policy
 
sick industrial companies act 1985
sick industrial companies act  1985sick industrial companies act  1985
sick industrial companies act 1985
 
Monetary policy
Monetary policyMonetary policy
Monetary policy
 
Trade agreements
Trade agreementsTrade agreements
Trade agreements
 

Recently uploaded

Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
Vivekanand Anglo Vedic Academy
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
Excellence Foundation for South Sudan
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
Nguyen Thanh Tu Collection
 
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdfESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
Fundacja Rozwoju Społeczeństwa Przedsiębiorczego
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
EduSkills OECD
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
Celine George
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
GeoBlogs
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
Anna Sz.
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
Steve Thomason
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
kaushalkr1407
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
AzmatAli747758
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
Tamralipta Mahavidyalaya
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
Col Mukteshwar Prasad
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
RaedMohamed3
 

Recently uploaded (20)

Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
 
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdfESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
 

World trade organisation

  • 1.
  • 2. CONTENTS:  Introduction  Structure of world trade organization(WTO)  Nature of WTO  Scope of WTO
  • 3. Introduction  The world trade organization is ‘member - driven’, with decisions taken by general agreement among all member countries and it deals with the rules of trade between nations at global level.  They deal with agriculture , textiles and clothing ,banking , telecommunication ,government purchases , industrial standards and product safety , intellectual properties
  • 4.  The WTO agreements are lengthy and complex because they are legally text covering a wide range of activates among member countries trade and services  The WTO came into origin on Jan 1st 1995. It was the lengthy uruguay round of GATT negotiations. The WTO was essentially an extension of GATT
  • 5.  It extended GATT into two major ways : First GATT became only one of the three major trade agreements that went into the WTO(and the other two being the GATS and TRIPS)
  • 6.
  • 7. The Ministerial Conference  The Ministerial Conference , which is composed of international trade ministers from all member countries.  This is the governing body of the WTO, responsible for setting the strategic direction of the organization and making all final decisions on agreements under its wings.  The Ministerial Conference meets at least once every two years.  Although voting can take place, decisions are generally taken by consensus, a process that can at times be difficult, particularly in a body composed of 136 very different members.
  • 8. The General Council  It is composed of senior representatives (usually ambassador level) of all members. It is responsible for overseeing the day-to-day business and management of the WTO, and is based at the WTO headquarters in Geneva. In practice, this is the key decision-making arm of the WTO for most issues. Several of the bodies described below report directly to the General Council.
  • 9. The Trade Policy Review Body  The Trade Policy Review Body is also composed of all the WTO members, and oversees the Trade Policy Review Mechanism, a product of the Uruguay Round. It periodically reviews the trade policies and practices of all member states.  These reviews are intended to provide a general indication of how states are implementing their obligations, and to contribute to improved adherence by the WTO parties to their obligations.
  • 11. The Dispute Settlement Body  The Dispute Settlement Body is also composed of all the WTO members.  It oversees the implementation and effectiveness of the dispute resolution process for all WTO agreements,  the implementation of the decisions on WTO disputes. Disputes are heard and ruled on by dispute resolution panels chosen individually for each case  the permanent Appellate Body that was established in 1994. Dispute resolution is mandatory and binding on all members.  A final decision of the Appellate Body can only be reversed by a full consensus of the Dispute Settlement Body.
  • 13. The Councils on Trade in Goods and Trade in Services  The Councils on Trade in Goods and Trade in Services operate under the mandate of the General Council and are composed of all members. They provide a mechanism to oversee the details of the general and specific agreements on trade in goods (such as those on textiles and agriculture) and trade in services. There is also a Council for the Agreement on Trade-Related Aspects of Intellectual Property Rights, dealing with just that agreement and subject area.
  • 14. The Secretariat and Director General  The Secretariat and Director General of the WTO reside in Geneva, in the old home of GATT. The Secretariat now numbers just under 550 people, and undertakes the administrative functions of running all aspects of the organization. The Secretariat has no legal decision- making powers but provides vital services, and often advice, to those who do. The Secretariat is headed by the Director General, who is elected by the members.
  • 15. The Committee on Trade and Development and Committee on Trade and Environment  The Committee on Trade and Development and Committee on Trade and Environment are two of the several committees continued or established under the Marrakech Agreement in 1994. They have specific mandates to focus on these relationships, which are especially relevant to how the WTO deals with sustainable development issues.
  • 16. Nature of WTO:  The WTO aims to achieve its objectives by reducing existing barriers to trade and by preventing new ones from developing.  It seeks to ensure fair and equal competitive conditions for market access, and predictability of access for all traded goods and services.  This approach is based on two fundamental principles: the national- treatment and most-favored nation principles.  Together, they form the critical "discipline" of non-discrimination at the core of trade
  • 17.  Contd..  The principle of national treatment requires, in its simplest terms, that the goods and services of other countries be treated in the same way as those of your own country.  The most-favoured nation principle requires that if special treatment is given to the goods and services of one country, they must be given to all WTO member countries. No one country should receive favours that distort trade.
  • 18. Scope of WTO:  To oversee implementing and administering WTO agreements.  To provide a forum for negotiations.  To provide a dispute settlement mechanism.  Raising standards of living.  Ensuring full employment.  Ensuring large and steadily growing real incomes and demand.  Expanding the production of and trade in goods and services.