The document provides an overview of the World Trade Organization (WTO). It discusses that the WTO is an intergovernmental organization that regulates international trade and replaced the General Agreement on Tariffs and Trade (GATT) in 1995. The WTO aims to help the trading system become more transparent, fair and predictable through agreements and by settling trade disputes between members. It also provides technical assistance to developing countries. The document outlines the structure, functions, principles and relevant agreements of the WTO including TRIPS and TRIMS as well as its role in promoting development.
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
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)
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.
Lesson Three | Principal Legal Obligations under WTO LawSimon Lacey
This is the third in a five-part series of lectures on WTO law and policy given at the Masters in Trade, Investment and Competition (MTIC) Program of the University Pelita Harapan Graduate School
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
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
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)
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.
Lesson Three | Principal Legal Obligations under WTO LawSimon Lacey
This is the third in a five-part series of lectures on WTO law and policy given at the Masters in Trade, Investment and Competition (MTIC) Program of the University Pelita Harapan Graduate School
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
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.
World Trade Organization - functions, principles and trade agreements
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2. In the Presentation
• Understanding of WTO
• WTO in beginning and Fact file of WTO
• Why WTO and functions and principle of WTO
• Structure of WTO
• Role of WTO
• Relevance of WTO
• TRIPs, TRIMs of WTO
• Agreements done under WTO guidance
• Role of WTO in developing countries
• Current issues of WTO
3. World Trade Organization
• Intergovernmental organisation which regulates the
international trade
• Officially commenced on 1st Jan 1995 under the Marrakesh
Agreement
• Signed by 123 nations in 1994
• WTO had replaced GATT (General agreement on tariffs and
trade)
• They deal with: agriculture, textiles and clothing, banking,
telecommunications, government purchases, industrial
standards and product safety, food sanitation regulations,
intellectual property and much more.
4. WTO: The Beginnings
• The World Trade Organization (WTO) came into
being on January 1st 1995.
• It extended GATT in two major ways. First GATT
became only one of the three major trade agreements
that went into the WTO
• Second the WTO was put on a much sounder
institutional footing than GATT
5. FACT FILE OF WTO
Location Geneva, Switzerland
Established 1 January 1995
Created by Uruguay Round negotiations
(1986-94)
Membership 153 countries on 23 July 2008
Budget 2014 CHF 197,203,900
Secretariat staff 625
Head Pascal Lamy (Director-
General)
6. Why WTO?
•To arrange the implementation,
administration and operations of trade
agreements
•Settlement of disputes
•Trade relations in issues deal with under
the agreements
7. •To provide a framework for implementing of
the results arising out of the deliberations
which taken place at ministerial conference
level.
•To manage effectively and efficiency the
trade policy review mechanism (TRIM).
•To create more together relationship with all
nations in respect of global economic
8. FUNCTIONS OF WTO
• 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
9. PRINCIPLES OF WTO
The basic principles of the WTO (according to the WTO):
• Trade Without Discrimination
1. Most Favoured Nation (MFN): treating other people equally
2. National treatment: Treating foreigners and locals equally
• Freer trade: gradually, through negotiation
• Predictability: through binding and transparency
• Promoting fair competition
• Encouraging development and economic reform.
11. 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.
12. TRIMs, AND TRIPS OF WTO
1) Agreement on Trade-Related Investment Measures (TRIMs)
• TRIMs refers to certain conditions or restrictions imposed by a
governments in respect of foreign investment in the country
• The agreement on TRIMs provides that no contracting party shall
apply any TRIM which is inconsistent with the WTO Articles.
2) Agreement on Trade-Related Aspects of Intellectual Property
Rights (TRIPS)
• The Agreement on Trade Related Aspects of Intellectual Property
Rights (TRIPS) is an international agreement administered by the
World Trade Organization (WTO) that sets down minimum standards
for many forms of intellectual property (IP) regulation as applied to
nationals of other WTO Members
13. • TRIPS contains requirements that nations' laws must meet for
copyright rights, including the rights of performers, producers of sound
recordings and broadcasting organizations; geographical indications,
including appellations of origin; industrial designs; integrated circuit
layout-designs; patents; monopolies for the developers of new plant
varieties; trademarks; trade dress; and undisclosed or confidential
information.
• Specifies enforcement procedures, remedies, and dispute resolution
procedures.
14. THE RELEVANCE OF WTO
• 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.
• Freer 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.
15. THE AGREEMENTS
• The WTO is ‘rules-based’; its rules are negotiated
agreements
• Overview: a navigational guide
• Plurilateral agreement
• Further changes on the horizon, the Doha Agenda
16. • Some of the agreements of WTO:
-Tariffs: more bindings and closer to zero
-The Agriculture Agreement: new rules and
commitments
-Textiles: back in the mainstream
-Intellectual property: protection and enforcement
17. The agreement covers five broad issues:
• How basic principles of the trading system and other
international intellectual property agreements should
be applied
• How to give adequate protection to intellectual
property rights
• How countries should enforce those rights adequately
in their own territories
18. • How to settle disputes on intellectual property
between members of the WTO
• Special transitional arrangements during the period
when the new system is being introduced
19. Developing Countries
How the WTO deals with the special needs of an increasingly
important group
• In the agreements: more time, better terms
• Legal assistance: a Secretariat service
• Least-developed countries: special focus
• Committees
-Trade and Development Committee
20. -Sub-committee on Least-Developed Countries
-The Doha agenda committees
• WTO technical cooperation
• Participation in the system: opportunities and concerns
• Erosion of preferences
• The ability to adapt: the supply-side
21. Recent Issues
• Trade to expand by 9.5% in 2010 after a dismal 2009, WTO reports
• Twenty-four participants from around the world are attending a two-month Advanced
Trade Policy Course (ATPC) from 18 January to 11 March 2016
• Lamy calls for addressing macro-economic imbalances through cooperation
• 32 WTO members take anti-dumping actions during first half of 2010
• Transparency mechanism for preferential trade arrangements set for approval
• Market access for LDCs (Least Developing Countries)
• Trade agreements between developing countries
• Trade policy reviews: ensuring transparency
• TRIPS Agreement aimed at facilitating access to essential medicines in poor
countries.
22. CONCLUSION
• It is the place where the member country comes and talks
together and shares their grievance in order to resolve their
problem related to International trade.
• The countries make their decisions through various councils
and committees, whose membership consists of all WTO
members.
• The system helps promote peace, by handling Dispute of
member countries. It provides free trade which cuts the costs of
living and provides more choice of products and qualities and
stimulates economic growth.
23. • 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.
