world trade organization

1. WTO
World trade organization

2. WHAT IS THE WTO?
The World Trade Organization (WTO)
is the only global international
organization dealing with the rules of
trade between nations.
The goal is to help producers of goods
and services, exporters, and importers
conduct their business

3. ...
Essentially, the WTO is a place where
member governments go, to try to sort
out the trade problems they face with
each other.
By lowering trade barriers, the WTO’s
system also breaks down other
barriers between peoples and nations.

4. ..
 At the heart of the system — known as the
multilateral trading system — are the WTO’s
agreements, negotiated and signed by a
large majority of the world’s trading nations,
and ratified in their parliaments.
 The agreements were negotiated and
signed by governments. But their purpose is
to help producers of goods and services,
exporters, and importers conduct their
business.

5. INFO:-
 WTO is located in Geneva , Switzerland .
 It was Established on 1 January 1995
 It was created by Uruguay Round negotiations
(1986-94).
 161 countries got membership till 26 April,2015.
 Budget for 2013 197 million Swiss francs .
Secretariat staff is almost 640.
 Its head is Roberto Azevêdo (Director-General).

6. OBJECTIVES:
 To improve the standard of living of people in the
member countries.
 To ensure full employment and broad increase in
effective demand.
 To enlarge production and trade of goods.
 To increase the trade of services.
 To ensure optimum utilization of world resources.
 To protect the environment.
 To accept the concept of sustainable development.

7. FUNCTIONS:-
 To implement rules and provisions related to trade policy
review mechanism.
 To provide a platform to member countries to decide future
strategies related to trade and tariff.
 To provide facilities for implementation, administration and
operation of multilateral and bilateral agreements of the
world trade.
 To administer the rules and processes related to dispute
settlement.
 To ensure the optimum use of world resources.
 To assist international organizations such as, IMF and IBRD
for establishing coherence in Universal Economic Policy
determination.