By: Abhinav Kumar(MBA/4559/09) Ankita Singh(MBA/4557/09) Rajeev(MBA/4547/09) Mandeep (MBA/4501/09)

About WTO Objective of WTO Functions of WTO The WTO Structure Principles of WTO Key Subjects in WTO Q &A

About WTO .

Geneva. Switzerland Established: 1 January 1995 Created by : Uruguay Round negotiations (1986-94) Membership :153 countries 2007 Secretariat Staff : 625 Head : Director-General.World Trade Organization Location :. Pascal Lamy .

Raising standard of living and income . . Introduce sustainable development.Objectives The WTO reiterates the objectives of GATT . Taking positive steps to ensure that developing countries.

GATT: PREDECESSOR OF WTO € Began in 1986 in Uruguay. € Agreement signed in Marrakech. so it is sometimes called the Uruguay round € Concluded with an agreement 8 years later in 1994. Morocco € Agriculture was included for the first time in an international trade agreement € WTO created in 1995 as one result of the negotiations .

GATT: PREDECESSOR OF WTO GATT becomes WTO (1995) ‡ Acts as a forum for trade negotiations ‡ Administers trade agreements ‡ Settles trade disputes ‡ Reviews national trade policies ‡ Assists developing countries (technical assistance and training programs) ‡ Cooperates with other international organisations .

WTO: STRUCTURE Ministerial Conference General Council  Dispute Settlement Body  Trade Policy Review Body Councils  Council for Trade in Goods  Council for Trade in Services  Council for TRIPs Committees and other subsidiary bodies Decision-making .

THE WTO STRUCTURE Mi isterial co fere ce Director e eral irector Secretariat Dispute Settlement Body General Council Trade olicy Re iew Body .

Technical assistance and training for developing countries. Maintaining trade related database. Seeking to resolve trade disputes. Cooperating ith other international institutions. Acting as a atchdog of international trade . Acting as a forum for multilateral trade negotiations . 10 .WTO FUNCTIONS Administering and Implementing the multilateral and plurilateral trade agreements. Overseeing national trade policies.

THE WTO CONFERENCES Seattle ² A Rough start (1999) Doha ² What happened? (2001) Cancun ² What happened? (2003) .

government procurement (contracts). to name a few. services. intellectual property rights. when talks ended in failure amid massive street demonstrations ‡ The agenda for Seattle was ambitious: agriculture. .WHAT HAPPENED AT SEATTLE? ‡ Most of the world¶s citizens first heard about the WTO at the Seattle ³Millennium Round´ (popularly known as the ³Battle of Seattle´). and competition rules.

DOHA ‡ This round is known as the Millennium Round. the Doha Round. and the Development Round ‡ Political environment ² there are now 148 WTO members ² about twice the GATT round ‡ Progress on regional agreements ‡ Countries negotiate only what they would do anyway .

WTO rules like anti-dumping and subsidies. the DDA seeks to start negotiations on nonagricultural tariffs. 2005.WHAT HAPPENED AT DOHA? (DEVELOPMENT ROUND) ‡ The attempts to expand the coverage of the WTO agreements became more apparent with the launching of the Doha Development Agenda (DDA) at the WTO¶s 4th Ministerial Conference in Doha. 1. trade facilitation. In a nutshell. The deadline for negotiations was on Jan. trade and environment. investment. and intellectual property. ‡ . Qatar in 2001. transparency in government procurement. competition policy.

DOHA ROUND AGENDA ‡ ‡ ‡ ‡ ‡ ‡ Agricultural subsidies Conflicts between trade liberalization and Environmental protection Competition policy Foreign investment protection Trade remedy laws (subsidies and dumping) .

and the drive of the monopoly-capitalist powers to push for even further liberalization in areas such as foreign investment ‡ .WHAT HAPPENED AT CANCUN? ‡ Based on a draft ministerial declaration that was submitted by the WTO director general to ministers last ug. moves by industrialized countries to include other non-trade issues at the Cancun Conference are facing stiff opposition from selected underdeveloped countries. especially those of the United States and the European Union. 31. The call of third world governments to the monopolycapitalist governments. to made good their promise to remove domestic and export subsidies enjoyed by their homeland agriculture. 2003.

Principles of WTO .

THE WTO PRINCIPLES Environment Protection Competition On BoP Treatment For LDCs Rule Based Trading System Transparency MFN re t e t Principles Of WTO Natio al reat e t Dismantling Trade Barriers Free rade Pri ciple .

Key Subjects in WTO .

KEY SUBJECTS IN WTO Agriculture Health & safety measures Helping least developed and food importing countries Textile and Clothing .

BENEFITS FROM WTO ‡ 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 ‡ Governments are shielded from lobbying ‡ The system encourages good government 21 .

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