WTO By: Jun-won, Jang
Contents <ul><li>What is WTO? </li></ul><ul><li>Negative point </li></ul><ul><li>Structures </li></ul><ul><li>Conclusion <...
What is WTO? -Purpose & Definition- <ul><li>WTO is also known as World Trading Organization.  </li></ul><ul><li>Headquarte...
What’s WTO? -History & Goal- <ul><li>It was established on Jan 1 st , 1995 by replacing General Agreement on Tariffs and T...
What’s WTO? -Function- <ul><li>Oversees the implementation, administration and operation of the covered agreements  </li><...
What’s WTO? -Principle- <ul><li>Non-Discrimination </li></ul><ul><li>Reciprocity </li></ul><ul><li>Binding and enforceable...
Negative point <ul><li>It is obvious that WTO brings huge benefits to the strong countries. </li></ul><ul><li>Weak countri...
Structures <ul><li>Highest level is called Ministerial conference </li></ul><ul><ul><li>Decision-making body of the WTO </...
Structure <ul><li>Second level is called General Council. </li></ul><ul><ul><li>Daily work of the ministerial conference i...
Structure <ul><li>Third level is called Councils for Trade </li></ul><ul><ul><li>Councils for Trade work under the General...
Structure <ul><li>Fourth level is called Subsidiary Bodies </li></ul><ul><ul><li>There are subsidiary bodies under each of...
Structure <ul><li>Other committees </li></ul><ul><ul><li>Committees on  </li></ul></ul><ul><ul><ul><li>Trade and Environme...
Conclusion <ul><li>It will be able to help weak and poor countries if it frames articles or rules for the trade between st...
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Wto

  1. 1. WTO By: Jun-won, Jang
  2. 2. Contents <ul><li>What is WTO? </li></ul><ul><li>Negative point </li></ul><ul><li>Structures </li></ul><ul><li>Conclusion </li></ul>
  3. 3. What is WTO? -Purpose & Definition- <ul><li>WTO is also known as World Trading Organization. </li></ul><ul><li>Headquarter is located in Geneva, Switzerland </li></ul><ul><li>It is an international organization </li></ul><ul><li>Designed to supervise, liberalize international trade. </li></ul>
  4. 4. What’s WTO? -History & Goal- <ul><li>It was established on Jan 1 st , 1995 by replacing General Agreement on Tariffs and Trade (GATT) </li></ul><ul><li>Its goal is to improve the welfare of the peoples of the member countries. </li></ul><ul><li>There are currently 152 members in WTO </li></ul>
  5. 5. What’s WTO? -Function- <ul><li>Oversees the implementation, administration and operation of the covered agreements </li></ul><ul><li>Provides a forum for negotiation </li></ul><ul><li>Review the trade policies and make an improvement or correction in global economic policy making </li></ul>
  6. 6. What’s WTO? -Principle- <ul><li>Non-Discrimination </li></ul><ul><li>Reciprocity </li></ul><ul><li>Binding and enforceable commitments </li></ul><ul><li>Transparency </li></ul><ul><li>Safety valves </li></ul>
  7. 7. Negative point <ul><li>It is obvious that WTO brings huge benefits to the strong countries. </li></ul><ul><li>Weak countries will lose more compared to what they gain once WTO is active </li></ul><ul><li>Especially, weak or undeveloped area of weak countries will have a serious damage. </li></ul><ul><li>People works in those weak point won’t be able to support their families. </li></ul>
  8. 8. Structures <ul><li>Highest level is called Ministerial conference </li></ul><ul><ul><li>Decision-making body of the WTO </li></ul></ul><ul><ul><li>Meet at least every 2 years </li></ul></ul><ul><ul><li>Make decisions on all matters under any of the multilateral trade agreements </li></ul></ul>
  9. 9. Structure <ul><li>Second level is called General Council. </li></ul><ul><ul><li>Daily work of the ministerial conference is handled by 3 groups, but each meets under different rules </li></ul></ul><ul><ul><ul><li>General council meets regularly to carry out the functions of the WTO </li></ul></ul></ul><ul><ul><ul><li>Dispute Settlement Body is made up of all member government. </li></ul></ul></ul><ul><ul><ul><li>WTO general council meets as the Trade Policy Review Body to undertake trade policy reviews of Members under TRPM </li></ul></ul></ul>
  10. 10. Structure <ul><li>Third level is called Councils for Trade </li></ul><ul><ul><li>Councils for Trade work under the General council. It is divided into three councils </li></ul></ul><ul><ul><ul><li>Council for Trade in goods </li></ul></ul></ul><ul><ul><ul><li>Council for Trade-related aspects of intellectual Property Rights </li></ul></ul></ul><ul><ul><ul><li>Council for Trade in Services </li></ul></ul></ul>
  11. 11. Structure <ul><li>Fourth level is called Subsidiary Bodies </li></ul><ul><ul><li>There are subsidiary bodies under each of the three councils </li></ul></ul><ul><ul><ul><li>Goods council – subsidiary under the council for trade in goods </li></ul></ul></ul><ul><ul><ul><li>Services council – subsidiary under the council for trade </li></ul></ul></ul><ul><ul><ul><li>Dispute settlement panels and appellate body - subsidiary under the Dispute Settlement Body </li></ul></ul></ul>
  12. 12. Structure <ul><li>Other committees </li></ul><ul><ul><li>Committees on </li></ul></ul><ul><ul><ul><li>Trade and Environment </li></ul></ul></ul><ul><ul><ul><li>Trade and Development (Subcommittee on Least-Developed Countries) </li></ul></ul></ul><ul><ul><ul><li>Regional Trade Agreements </li></ul></ul></ul><ul><ul><ul><li>Balance of Payments Restrictions </li></ul></ul></ul><ul><ul><ul><li>Budget, Finance and Administration </li></ul></ul></ul><ul><ul><li>Working parties on </li></ul></ul><ul><ul><ul><li>Accession </li></ul></ul></ul><ul><ul><li>Working groups on </li></ul></ul><ul><ul><ul><li>Trade, debt and finance </li></ul></ul></ul><ul><ul><ul><li>Trade and technology transfer </li></ul></ul></ul>
  13. 13. Conclusion <ul><li>It will be able to help weak and poor countries if it frames articles or rules for the trade between strong and weak countries. </li></ul><ul><li>There are few rules to adjust the disadvantages that weak countries taking but it is not still helpful. </li></ul>

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