The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. It deals with rules of trade between nations regarding agriculture, textiles, banking, telecommunications and more. The WTO aims to ensure trade flows are smooth, predictable and free from barriers through agreements negotiated by member countries. It also provides a framework for resolving disputes between members.

1. WTO ( World Trade Organization )

2. Road Map of Entire Presentation What is World Trade Organization ? History of WTO Why WTO is Important for the Global Trade ? Conclusion

3. What is the W orld T rade O rganization ? “ The World Trade Organisation is ‘ member-driven ’, with decisions taken by General agreement among all member of governments and it deals with the rules of trade between nations at a global or near-global level. But there is more to it than that. ”

4. They deal with: agriculture , textiles and clothing , banking , telecommunications , government purchases , industrial standards and product safety , food sanitation regulations , intellectual property , and much more. The WTO agreements are lengthy and complex because they are legal texts covering a wide range of activities .

5. WTO: The Beginnings/ History WTO began its life on 1 January 1995 Before WTO its name was GATT (General Agreement on Tariffs and Trade) with a view to flows of trade are going smooth , predictable and free from hassles . The purpose of the WTO is to let the consumers and producers enjoy secure supplies and greater choice for the finished products

6. The WTO is certainly one of the most important institutions dealing with international economic relations. In broad terms, its role is twofold, first with establishment of international trade in both goods and services . And second , to progressively liberalize that trade , presently valued at close to eight thousand billion dollars every year.

7. Pascal Lamy (Director-General) Head : 625 Secretariat staff : 182 million Swiss francs for 2007 Budget : 151 countries on 27 July 2007 Membership : Uruguay Round negotiations (1986-94) Created by : Geneva, Switzerland Location :

8. Why 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

9. 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

10. 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 Organisations

11. Conclusion The system helps promote peace Disputes are handled constructively Free trade cuts the costs of living It provides more choice of products and qualities Trade raises incomes Trade stimulates economic growth The system encourages good government

12. Conclusion Continue.. WTO PUBLIC FORUM 2006 Source: www.wto.org