Presented by:

A Rajesh

CE161552

Presentation Plan

• Introduction

• History

• Information

• Objectives

• WTO structure

• Ministerial conferences

• Functions

• Agreements

• Conclusion

Introduction

• The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade.

• The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments.

• They deal with: agriculture, textiles and clothing, banking, telecommunications, government purchases, industrial standards and product safety, food sanitation regulations, intellectual property, and much more.

History

• The WTO officially commenced on 1 January 1995, signed by 123 nations on 15 April 1994.

• Preceded by the General Agreement on Tariffs and Trade (GATT).

• GATT is formed on 1 January 1948, signed by 23 countries.

• Uruguay Round Negotiations (1986-94).

Information

Established: 1st January 1995.

Created By: Uruguay Round negotiations (1986-1994)

Headquarter: Geneva, Switzerland

Membership: 164 members & 20 observers

Secretariat Staff: 647

Head: Roberto Azevedo (Director-General)

Budget: 197.204 million Swiss francs (approx)

Objectives The primary aim of WTO is to implement the new world trade agreement. To promote multilateral trade . To promote free trade by abolishing tariff & non-tariff barriers. To enhance competitiveness among all trading partners so as to benefit

consumers. To increase the level of production & productivity with a view to increase the

level of employment in the world. To expand & utilize world resources in the most optimum manner. To improve the level of living for the global population & speed up economic

development of the member nations. To take special steps for the development of poorest nations.

WTO structure

Ministerial Conference

General CouncilDispute Settlement Body

Trade Policy Review Body

Goods Council Intellectual Property Council Services Council

The Committee on T&D and

T&E

Ministerial conferences1st 9–13 December 1996   Singapore

2nd 18–20 May 1998   Geneva, Switzerland

3rd 30 November – 3 December 1999  Seattle, United States

4th 9–14 November 2001   Doha, Qatar

5th 10–14 September 2003  Cancún, Mexico

6th 13–18 December 2005 Hong Kong

7th 30 November – 2 December 2009   Geneva, Switzerland

8th 15–17 December 2011   Geneva, Switzerland

9th 3–6 December 2013  Bali, Indonesia

10th 15–18 December 2015  Nairobi, Kenya

11th 11-14 December 2017 Buenos Aires, Argentina

Functions Implementing WTO agreements & administering the international trade. Cooperating with IMF & World Bank & its associates for establishing

coordination in Global Trade Policy-Making. Settling trade related disputes among member nations with the help of its

Dispute Settlement Reviewing trade related economic policies of member countries with help of

its Trade Policy Review Body (TPRB). Providing technical assistance & guidance related to management of foreign

trade & fiscal policy to its member nations. Acting as forum for trade liberalisation.

Agreements

• General Agreement on Tariffs and Trade (GATT)

• General Agreement on Trade in Services (GATS)

• Trade-Related Aspects of Intellectual Property Rights (TRIPS)

• Trade Related Investment Measures (TRIMS)

• Agreement on Agriculture (AOA)

Conclusion

The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

India, as a developing economy, has been benefitted being a founding member of the World trade Organization. The country at large has seen many significant changes which have taken place after the formation of WTO. There are some issues which are yet to be sorted out with the WTO.