Author S. Senthil kumar,M.Com.,MBA.,M.Phil.

,
lecturer, svist, chennai.

CO-Author

v.Siva

TRIPs

TRIMs

Modest tariff reductions

1961-62

DILLON ROUND

1986-94

35% tariff reduction on industrial products & modest reduction in agricultural products . Anti dumping code announced

URUQUAY ROUND Tariff, non-tariff measures, rules, service, intellectual property, dispute settlement, CEATION OF WTO ETC.

1963-67

KENNEDY ROUND

Average tariff reduction of 34% for industrial products. Non-tariff trade barrier code.

1973-79

TOKYO ROUND

Two separate working parties set up on ; investment, competition law. Working group formed on government procurement, trade facilitation added to wto agenda.

SINGAPORE MINISTERIAL 1996 9-13 DEC

SEATTLE MINISTERIAL
1999 30NOV-3-DEC

DOHN MINISTERIAL

2001 9-13 NOV

GENEVA MINISTERIAL
Programmer on ecommerce lunched.

1998 18-20 MAY

Market access, agriculture, service, e-commerce.

NEW ROUND

WORLD TRADE ORGANIZATION

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the worlds trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business. The WTO was born out of negotiations, and everything the WTO does is the result of negotiations. The bulk of the WTOs current work comes from the 198694 negotiations called the Uruguay Round and earlier negotiations under the General Agreement on Tariffs and Trade (GATT). The WTO is currently the host to new negotiations, under the Doha Development Agenda launched in 2001.

The WTO is run by its member governments. All major decisions are made by the membership as a whole, either by ministers (who usually meet at least once every two years) or by their ambassadors or delegates (who meet regularly in Geneva).

WTO GENERAL COUNCIL

The General Council is the WTOs highest-level decision-making body in Geneva, meeting regularly to carry out the functions of the WTO. It has representatives (usually ambassadors or equivalent) from all member governments and has the authority to act on behalf of the ministerial conference which only meets about every two years. The current chairman is H.E. Mr. Yonov Frederick AGAH (Nigeria).

10 BENEFITS OF THE WTO TRADING SYSTEM

The system helps promote peace Disputes are handled constructively Rules make life easier for all Freer trade cuts the costs of living It provides more choice of products and qualities Trade raises incomes Trade stimulates economic growth The basic principles make life more efficient Government are shielded from lobbying The system encourages good government

WTO ORGANIZATION CHART