Facts:

- World Trade Organization is made up of 164

member countries.

- established because of General Agreement on

Tariffs and Trade or GATT which aimed to reduce
tariffs for the facilitation of global trade.
 Facts:

- replaced the GATT in 1995

- agriculture and anti-dumping issues have been
addressed.
- if a trade dispute occurs,World Trade
Organization works to resolve it.
 Rationale
-to open trade for the benefit of all.
-to provide a forum for negotiating agreements.
-to provide a framework for the implementation and
monitoring of agreements.
-to contribute to the economic growth and
development.
 Criticisms

-Free trade benefits developed countries more

than developing countries.
-most favored nation principle.
- Failure to reduce tariffs on agriculture.
-Diversification issues
 Criticisms

-Enviromental concerns were often ignored.

-Free trade ignores cultural and social
factors.
-Undemocratic
-Slow progress
 Achievements
-The agreement on the Bali
Package in 2013 has been
the WTO’s greatest
achievement, in which the
Trade Facilitation
Agreement aims to reduce
trade costs is particularly
noteworthy.
 Achievements

• Enhanced the value and

quantity of trade.
 Achievements
• Broadened the trade governance scope to trade in
investment, services and intellectual property.
• Emerged as a greater institution than GATT.
• Expanded the WTO agenda by including developmental
policies.
• Increased transparency by removing green room
negotiations
World Trade Organization

Presented by:
Fajardo, Daniella Marie C.
Pineda, Marvielyn
Reyes, Arlyn
THANK YOU !!!