Author

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

trade organi zation its impac ts

lecturer, svist, chennai.

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CO-Author

v.Siva

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FORMATION OF WTO
Ottawa agreem ent

TRIPs

URUGUAY ROUND 1986-94 G.A.T.T

TRIM s

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NEGOTITIONS OF GATT & WTO FROM 1947

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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 born outtrading nations and ratified The WTO was worlds of negotiations, and in their parliaments. The goal is to helpof everything the WTO does is the result producers of goods and services, exporters, and importers negotiations. The bulk of the WTOs current work conductfrom the 198694 negotiations called the comes their business. 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.
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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 4/15/12 ministerial conference which only meets about

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 4/15/12 government

WTO ORGANIZATION CHART

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Thank you
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