WORLD TRADE ORGANISATION

PRESENTED BY : Rewa Pandey – 30

Rajnandinani Singh - 29

HISTORY The WTO’s predecessor, the general

agreement on traiffs and trade(GATT),was estabilsh after world warII in the wake of other multilateral institutions dedicated to International economic corporation.

GATT was the only multilateral instruement governing international trade from 1948 until the WTO was estabilshed on january 1,1995.

ABOUT WTOThe World trade organisation is an organisation that intends to supervise and liberalise international trade.

WTO was officially commenced on january 1, 1995

WTO was created by uruguay round negotiation (1986-94).

There are total 153 member countrries

was counted in the year 2011.

Budget 196 million swiss france in the year 2011.

Currently there are total 629 staff members are present in WTO.

OBJECTIVES OF WTO

WTO reiterates the objectives of GATT, some of them are as follows:-

Promote trade flows by encouraging nations to adopt nondiscriminatory and predictable trade policies.

Raising standard of living and income.

Introduce sustainable development.

FUNCTIONS OF WTO Acting as a forum for multilateral trade

negotiations.

Seeking to resolve trade disputes.

Acting as a watchdog of international trade.

Maintaining trade related database.

Cooperating with other international institutions involved in global economic policy making.

Acting as a management consultant for world trade.

Technical assistance and training for developing countries.

PRINCIPLES OF WTO

PRINCIPLES OF WTO

TRANSPARENCY

MFN TREATMEN

T

NATIONAL TREATMEN

T

FREE TRADE PRINCIPLE

DISMANTLING TRADE BARRIERS

RULE BASED

TRADING SYSTEM

ORGNISATIONAL STRUCTURE

General Council

Council for Tradein Goods

Council for Intellectual Property Rights in Trade

Council for TradeIn Servfices

GC: DisputeSettlement Body

GC: Trade Policy Review Body

Ministerial Conference

Committee on

Budget

Committee

On trade &

developme-nt

Trade-related intellectual property rights council

Council for

goods

Council for

services

Committee on BOP

KEY SUBJECTS IN WTO

Agriculture :- The agreement relating to agriculture is made up of several elements, which seek to reform trade in agriculture.

Health and Safety Measures:- The agreement on the application of Sanitary and Phytosanitary Measures concerns the application of food safety and animal and plant health regulation.

Textiles and Clothing:- The objective of this agreement is to secure the integration of the textile and clothing sector .

TRIPS :- The WTO agreements of trade related aspects of intellectual property rights (TRIPs) recognises that widely varying standards in the protection and enforcement of intellectual property rights and the lack of multilateral disciplines dealing with international trade in counterfeit goods.

TRIMS:- Trade related Investement Measures (TRIMs) are those restrictions a nation places on foreign investment that adversely affect trade in goods and services

Disputes Settlement:- The Dispute Settlement Understanding(DSU) is the legal text that spells out the rules and procedures for disputes between member countries.

THANK YOU