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GATT Presentation

GATT Presentation

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Published by api-3771480

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Published by: api-3771480 on Oct 16, 2008
Copyright:Attribution Non-commercial


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Difference Between GATT and WTO
Difference Between GATT and WTO
WTO agreements cover trade in goods,
services and intellectual property rights
Dealt with trade in goods

WTO is more powerful than GATT,
dispute settlement mechanism in faster
and more efficient, very difficult to block
the run buys

GATT was less powerful, dispute settlement
system slow and less efficient, its ruling
could be easily blocked

WTO does not permit this

GATT system allowed existing domestic legislation to continue even if violated a GATT agreement

WTO has members
GATT has contracting parties
WTO and its agreements are permanent
GATT was adhoc and provisional
Organizational Structure
\u2022Decision in WTO are made by the entire membership \u2013 consensus
\u2022Ministerial Conference
WTO\u2019s top level decision \u2013 making body is the Ministerial Conference
which meets at least once in every two years.
\u2022General Council

It is constituted by ambassadors and heads of delegation in Geneva. Some times officials are sent from members\u2019 capitals. They meet several times a year in the Geneva Headquarters. The general council also meets the Trade Policy Review body and the Dispute Settlement body.

\u2022Goods council, Services council and Intellectual Property (TRIPs)
Council \u2013 These councils report to the general council
\u2022Specialised Committees, working groups and working parties

The committees deal with the individual agreements and other areas such as the environment, development, membership applications and regional trade agreements.


\u2022The General Agreement on Trade in Services (GATS) which extends multilateral rules and disciplines to services in regarded as landmark achievement of the UR.

\u2022Because of the special characteristics and the socio-economic and
political implications of certain services, they have been generally subject
to various types of national restrictions.

\u2022Protection measures include visa requirements, investment regulation,
restriction on repatriation, marketing regulations, restrictions on
employment of foreigners, compulsions to use local facilities etc.

\u2022Heavily protected services in different countries include banking and insurance, transportations, television, radio, film and other forms of communication


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