The document discusses the World Trade Organization (WTO), including its objectives, functions, agreements, and effects on developing countries like BRICS nations. Some key points:
- The WTO oversees international trade rules and liberalizes trade between member countries. It provides a forum for negotiating trade agreements and resolving disputes.
- Major agreements cover goods, services, intellectual property, agriculture, and technical barriers to trade. The WTO also assists developing countries.
- BRICS nations have benefited from increased trade, investment, and technology transfers under WTO agreements. However, some sectors like agriculture have faced negative impacts from reduced subsidies and imports.
- Overall, WTO membership has helped shift BRICS trade policies
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.
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.
World Trade Organization - WTO - International Business - Manu Melwin Joymanumelwin
The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
In 1944, the United States and Britain held a conference (Bretton Woods) that established:
1. International Bank for Reconstruction and Development (World Bank) (IBRD)
2. International Monetary Fund (IMF)
This is a presentation done by Export Agriculture students in Uva Wellassa University of Sri Lanka. The presentation includes WTO, its objectives, functions of WTO, agreements, Economic & political influece as well as the point of view of the group members relevent to Sri Lankan situation.
World Trade Organization - WTO - International Business - Manu Melwin Joymanumelwin
The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
In 1944, the United States and Britain held a conference (Bretton Woods) that established:
1. International Bank for Reconstruction and Development (World Bank) (IBRD)
2. International Monetary Fund (IMF)
This is a presentation done by Export Agriculture students in Uva Wellassa University of Sri Lanka. The presentation includes WTO, its objectives, functions of WTO, agreements, Economic & political influece as well as the point of view of the group members relevent to Sri Lankan situation.
This ppt is all about the world trade organization, Its Role, its existence and all its functions, It also includes the structure of WTO.So kindly go through it and comment below how u liked it.
On June 10, 2015, FGV Growth & Development held the event “BRICS: Challenges and Opportunities” in Rio de Janeiro. This presentation was given at the event.
BRICS: Challenges and Opportunities
The future of the BRICS economies: the geopolitical strategy of China, the diversity and economic integration among the BRICS, structural transformation, the growth challenges and the reform agenda of China and India, the opportunities for Brazil.
A simple introduction about a holding companyJane Hayden
Holding companies like NIcholas Vita Columbia Care is only some of the testaments that holding companies will really work fine as long as you know what you are doing. These explanations are not really complete but it will provide you some information on how to start a holding company.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
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BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
2. INTRODUCTION
The World Trade Organization (WTO) is an organization that intends to supervise
and liberalize international trade. The organization officially commenced on 1
January 1995 under the Marrakech Agreement, replacing the General Agreement
on Tariffs and Trade (GATT), which commenced in 1948. The organization deals
with regulation of trade between participating countries; it provides a framework
for negotiating and formalizing trade agreements, and a dispute resolution process
aimed at enforcing participant's adherence to WTO agreements, which are signed
by representatives of member governmentsand ratified by their parliaments. Most
of the issues that the WTO focuses on derive from previous trade negotiations,
especially from the Uruguay Round (1986–1994).
Created by: Uruguay Round negotiations (1986-94)
Membership: 159 countries
Head : Director-General – Mr. Pascal Lamy
Established: 01 January 1995
Location: Geneva, Switzerland
The headquarters of the World
Trade Organization, in Geneva,
Switzerland.
3. ROLE OF WTO
• The main goal of WTO is to help the trading industry to become smooth, fair, free and
predictable. It was organized to become the administrator of multilateral trade and business
agreements between its member nations. It supports all occurring negotiations for latest
agreements for trade. WTO also tries to resolve trade disputes between member nations.
• Multi-lateral agreements are always made between several countries in the past. Because of
this, such agreements become very difficult to negotiate but are so powerful and influential
once all the parties agree and sign the multi-lateral agreement. WTO acts as the
administrator. If there are unfair trade practices or dumping and there is complain filed, the
staff of WTO are expected to investigate and check if there are violations based on the multi-
lateral agreements.
The system helps promote peace.
The system allows disputes to be handled constructively.
A system based on rules rather than power makes life easier for all.
Free trade cuts the cost of living.
It gives consumers more choice and a broader range of qualities to choose from.
Trade raises incomes.
Trade stimulates economic growth and that can be good news for employment
The basic principles make the system economically more efficient, and they cut costs.
4. OBJECTIVES OF WTO
• To arrange the implementation, administration and operations of multilateral (involving three
or more participants) and Plurilateral trade agreements (power which shared between
different countries)
• To arrange the forum for deliberations for the member nations in regard to their multilateral
trade relations in issues deal with under the agreements.
• To provide a framework for implementing of the results arising out of the deliberations (long
and care full agreements/consideration) which taken place at ministerial conference level
• To manage the created understanding on rules and procedure governing the settlement of
disputes
• To manage effectively and efficiency the trade policy review mechanism (TRIM)
• To create more together relationship with all nations in respect of global economic policy-
making, it would cooperate with the IMF and the world bank & its affiliated Organizations.
• 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
5. FUNCTIONS OF WTO
• Among the various functions of the WTO, these are regarded by analysts as the most
important:
• It oversees the implementation, administration and operation of the covered agreements.
• It provides a forum for negotiations and for settling disputes.
• Additionally, it is the WTO's duty to review and propagate the national trade policies, and to
ensure the coherence and transparency of trade policies through surveillance in global
economic policy-making. Another priority of the WTO is the assistance of developing, least-
developed and low-income countries in transition to adjust to WTO rules and disciplines
through technical cooperation and training.
(i) The WTO shall facilitate the implementation, administration and operation and further the
objectives of this Agreement and of the Multilateral Trade Agreements, and shall also provide
the frame work for the implementation, administration and operation of the multilateral
Trade Agreements.
(ii) The WTO shall provide the forum for negotiations among its members concerning their
multilateral trade relations in matters dealt with under the Agreement in the Annexes to this
Agreement.
(iii) The WTO shall administer the Understanding on Rules and Procedures Governing the
Settlement of Disputes.
(iv) The WTO shall administer Trade Policy Review Mechanism.
6. (v) With a view to achieving greater coherence in global economic policy making, the WTO
shall cooperate, as appropriate, with the international Monetary Fund (IMF) and with the
International Bank for Reconstruction and Development (IBRD) and its affiliated agencies.
The above five listings are the additional functions of the World Trade Organization.
As globalization proceeds in today's society, the necessity of an International Organization to
manage the trading systems has been of vital importance. As the trade volume increases,
issues such as protectionism, trade barriers, subsidies, violation of intellectual property arise
due to the differences in the trading rules of every nation. The World Trade Organization
serves as the mediator between the nations when such problems arise. WTO could be
referred to as the product of globalization and also as one of the most important
organizations in today's globalized society.
The WTO is also a center of economic research and analysis: regular assessments of the
global trade picture in its annual publications and research reports on specific topics are
produced by the organization. Finally, the WTO cooperates closely with the two other
components of the Bretton Woods system, the IMF and the World Bank.
7. AGREEMENTS
• The WTO oversees about 60 different agreements which have the status of international legal texts.
Member countries must sign and ratify all WTO agreements on accession. A discussion of some of the
most important agreements follows. The Agreement on Agriculture came into effect with the
establishment of the WTO at the beginning of 1995. The AoA has three central concepts, or "pillars":
domestic support, market access and export subsidies. The General Agreement on Trade in Services was
created to extend the multilateral trading system to service sector, in the same way as the General
Agreement on Tariffs and Trade (GATT) provided such a system for merchandise trade. The agreement
entered into force in January 1995. The Agreement on Trade-Related Aspects of Intellectual Property
Rights sets down minimum standards for many forms of intellectual property (IP) regulation. It was
negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in
1994.
• The Agreement on the Application of Sanitary and Phytosanitary Measures—also known as the SPS
Agreement—was negotiated during the Uruguay Round of GATT, and entered into force with the
establishment of the WTO at the beginning of 1995. Under the SPS agreement, the WTO sets constraints
on members' policies relating to food safety (bacterial contaminants, pesticides, inspection and labeling)
as well as animal and plant health (imported pests and diseases). The Agreement on Technical Barriers to
Trade is an international treaty of the World Trade Organization. It was negotiated during the Uruguay
Round of the General Agreement on Tariffs and Trade, and entered into force with the establishment of
the WTO at the end of 1994. The object ensures that technical negotiations and standards, as well as
testing and certification procedures, do not create unnecessary obstacles to trade". The Agreement on
Customs Valuation, formally known as the Agreement on Implementation of Article VII of GATT, prescribes
methods of customs valuation that Members are to follow. Chiefly, it adopts the "transaction value"
approach.
• In December 2013, the biggest agreement within the WTO was signed and known as the Bali Package.
8. BRICS -ROLE OF WTO
BRICS is the acronym for an association of five major emerging national
economies: Brazil, Russia, India, China and South Africa. The grouping was originally known
as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing
or newly industrialized countries, but they are distinguished by their large, fast-growing
economies and significant influence on regional and global affairs; all five are G-20 members.
As of 2013, the five BRICS countries represent almost 3 billion people, with a combined
nominal GDP of US$16.039 trillion, and an estimated US$4 trillion in combined foreign
reserves. Presently, South Africa holds the chair of the BRICS group, having hosted
the group's fifth summit in 2013. The BRICS have received both praise and criticism from
numerous quarters.
The foreign ministers of the initial four BRIC states (Brazil, Russia, India, and China) met
in New York City in September 2006, beginning a series of high-level meetings. A full-scale
diplomatic meeting was held in Yekaterinburg, Russia, on 16 May 2008.
The BRIC grouping's first formal summit, also held in Yekaterinburg, commenced on 16 June
2009, with Luiz Inácio Lula da Silva, Dmitry Medvedev, Manmohan Singh, and Hu Jintao, the
respective leaders of Brazil, Russia, India and China, all attending. The summit's focus was on
means of improving the global economic situation and reforming financial institutions, and
discussed how the four countries could better co-operate in the future. There was further
discussion of ways that developing countries, such as the BRIC members, could become more
involved in global affairs.
In the aftermath of the Yekaterinburg summit, the BRIC nations announced the need for a
new global reserve currency, which would have to be "diversified, stable and
predictable". Although the statement that was released did not directly criticize the
perceived "dominance" of the US dollar – something that Russia had criticized in the past – it
did spark a fall in the value of the dollar against other major currencies.
9. The WTO agreements cover goods, services and intellectual property. They spell out the principles
of liberalization, and the permitted exceptions. They include individual countries’ commitments to
lower customs tariffs and other trade barriers, and to open and keep open services markets. They
set procedures for settling disputes. They prescribe special treatment for developing countries.
They require governments to make their trade policies transparent.
WTO deals with the special needs of developing countries as two thirds of the WTO members are
developing countries and they play an increasingly important and active role in the WTO because
of their numbers, because they are becoming more important in the global economy, and because
they increasingly look to trade as a vital tool in their development efforts.
The BRICS Forum, an independent international organization encouraging commercial, political
and cultural cooperation between the BRICS nations, was formed in 2011. In June 2012, the BRICS
nations pledged $75 billion to boost the lending power of the International Monetary Fund (IMF).
However, this loan was conditional on IMF voting reforms. In late March 2013, during the fifth
BRICS summit in Durban, South Africa, the member countries agreed to create a global financial
institution which they intended to rival the western-dominated IMF and World Bank. After the
summit, the BRICS stated that they planned to finalize the arrangements for this
new development bank by 2014. However, disputes relating to burden sharing and location have
slowed down the agreements.
11. BENEFITS OF THE AGREEMENTS
• Increase in foreign trade
• Increase in agriculture exports
• Increase in inflow of foreign investment
• Improvement in services
• Benefits for clothing and textile industry
• Restricts dumping
• Promotion to research on patents
• Reduction in tariff and non-tariff barriers.
• Amendment in patent act
• Copyright, trademark and industrial designs
• Geographically indications
NEGATIVE IMPACTS
• Disadvantage to agriculture sector
-- reduction in subsidy
-- Import of food grains
• Loss to domestic industries
• Patent of Domestic grown herbs taken over by foreign companies
12. CONCLUSION
The share of BRICS in global trade has more than doubled over the past decade. This can be partly
attributed to a shift in the countries’ trade policies. Tariff rates have been cut significantly over the past
few years in the BRICS economies and average tariff rates currently range from 8% to 12% (Table 5).
Moreover, the BRICS as WTO members are required to bind their tariffs, in other words to put ceilings
beyond which they cannot increase their tariff rates. Russia, which has recently acceded to the WTO,
bound its tariffs from the date of WTO membership.
Spurred by domestic concerns, both bound and applied rates have been kept higher for agricultural good.
A number of trade arrangements have emerged amongst the BRICS over the past few years, either on a
bilateral basis or as a part of a larger grouping (e.g. South Africa as part of SACU). In addition, both India and
China are members of Asia Pacific Trade Agreement (APTA), a preferential trade agreement seeking to
promote trade among developing countries in the Asia-Pacific region. Negotiations on a Regional
Comprehensive Economic Partnership Agreement (RCEP) are also on the anvil.
Evidently, there are several areas of convergence and a few points of divergence in the trade policies of
the BRICS. Efforts have been recently focused on increasing intra-BRICS trade and expanding the areas
of possible collaboration. BRICS Trade Ministers at their New Delhi meeting in March 2012, resolved to
more than double the trade among BRICS from US $230 billion in 2011 to US $500 billion by 2015. The
Delhi Action Plan was endorsed at the Summit to encourage intra-BRICS cooperation in other key areas.
Concrete suggestions are being put forward on setting up a development bank and enabling credit and
trade finance facilities in local currencies. There is also scope for coordinating positions at the WTO
and in other multilateral fora.