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WTO PRESENTED BY

WTO
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PRAKASH BHENADA
BBA 4
th
SEM.
INTRODUTION
• ’’Wto deals with the global rule of trade
between nation.
Ti is main functions is to ensure
that trade flows as smoothly predictably
and freely as possible’’
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WTO HISTORY AND
GOALS
• It was established on jan1st 1995 by replacing
GENERAL AGREEMENT ON TARIFFS AND
TRADE (GATT)
• It goals is improve the welfare of the peoples of
the member countries.
• There are currently 157member in WTO.
• designed to supervise , liberalize international
trade.
• Headquarter is located in geneva switzendand



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FACT FILE
• LOCATION - GENEVA SWITZERLAND
• ESTABLISHED – 1 JAN 1995
• CREATED BY – URUGUAY ROUND
• NEGOTIATION (1986-94)
• MEMBERSHIP – 157 COUNTRIES
• BUDGET – 196 MILLION SWIZS
• FRANCS FOR 2011
• HEAD - PASCAL LAMY (DRIECTOR GEN.)
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FUNCTION
 Administering WTO trade agreements.
 Forum for trade negotiations handling
trade disputes
 Monitoring national trade policies
 Technical assistance and training for
developing countries
 Cooperation with other international
organizations
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WTO Objectives:
• Raising standards of living
• Ensuring full employment
• Ensuring growth of real income and
demand
• Expanding production and trade
• Sustainable development
• Protection of the environment
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WTO: Basic principles
• Trade without discrimination
• Predictable and growing access to market
• Undistorted, “fair” competition
• Special and Differential Treatment(SDT)
• Transparency
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GATT


• GATT is the
predecessor of WTO
• Born in 1948 as a
result of international
desire to liberalize
trade
• Lasted until 1994,
when it was replaced
WTO

WTO


• World Trade
Organization
• The organization
officially commenced
on jan 1st,1995
• Deals with regulation
of trade between
participating countries
• The WTO has 157
members
• Headquarters is the
geneva swizerland

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WTO
Ministerial Conference
Secretariat
Appellate
Body
Dispute
Settlement
Panels
Committees Committees
Goods Council Services Council
TRIPS
Council
CTD (Development)
CTE (Environment)
CRTA (Regionalism)
BOP
Budget
WG (Accessions,
Investment, competition,
Government
Procurement)
General Council TPRB DSB
Director-General
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ARGUMENT IN FAVOUR
OF WTO
• Increase in foreign trade.
• Increase in agricultural exports.
• Increase in inflow of foreign investment.
• Improvement in services.
• Benefits for clothing & textile
industry.
• Inflow of better technology & better
quality
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Benefits of WTO
• System helps to keep peace
• Handel Disputes constructively
• Based on rules rather than power
• Freer trade cuts the cost of living
• Give more choices and range to consumers

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PURPOSE

Ensuring that global trade commences
smoothly, freely and predictably. The
WTO creates and embodies the legal
ground rules for global trade among
member nations and thus offers a system
for international commerce

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CONCLUSION
It will be able to help weak and poor
countries. If it frames articles or roles
for the trande between strong and weak
countries
There are few rules to adjust
the disadvantage that weak countries
taking but it is not still helful.
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