W.T.O Presented By

M.MANJUNATH

The world trade organization is an organization that intends to supervise and liberalise international trade .

What is W.T.O ?

Location : Geneva , Switzerland Establishment : 1-jan-1995 Created by : Uruguay round negotiations (1986-94)

Membership : 161 countries on 26-Apr-2015

Budget : 197million swiss francs for 2013

Secretariat staff : 640 members

FACT FILE OF W.T.O

Director – General

GATT & W.T.O – Differences

GATT W.T.O

GATT – flexible

Member countries can bargain , choose or avoid – specific discipline .

W.T.O – rigid

Universally applied to all member countries binding dispute settlement procedures.

W.T.O is a place where member of govt’s go try to sort out the trade problems they face with each other

W.T.O took over GATT (General Agreement on Trade and Tariff) In 8th round of GATT popularly known as Uruguay round .member of nations of GATT decided to set up a new organisation known as W.T.O in place of GATT.

Understanding of W.T.O

Cut living costs and raise living standards. Settle disputes and reduce trade tensions. Stimulate economic growth and

employment Cut the cost of doing business

internationally Encourage good governance Help countries Development Give the weak a stronger voice Support the environment and health Contribute to peace and stability

10 things the W.T.O Can Do

Trade with out discrimination .

Predictable and growing access to market.

Rules make life easier for all Free Trade cuts the costs of living

Basic Principles of W.T.O

Administrating and implementing rules and trade agreements.

Dispute settlement Overseeing national trade policy Cooperation with IMF& World Bank

W.T.O FUNCTIONS

INDIA is one of member of GATT ( General Agreement on Tariffs and Trade ) since 1948

INDIA AND W.T.O

INDIA involved as a complaints 21 cases

As a respondent 23 cases

As a third party 114 cases

Ministry of Commerce & Industry Department

Government of INDIA

EXPORTS valued at 1,44,652.67 CR during sept 2015

IMPORTS During sept 2015 valued 2,14,040.28 CR

CRUED OIL AND NON-OIL IMPORTS oil imports during sept 2015 valued at US

$6626.59

AS Per Stat of W.T.O

ASIAN DEVELOPING MEMBER G-20 for agriculture (23)G-33 “ Friends of special products” in agriculture (48)

Groups in the Negotiations

THE MAN WHO UNITED MODERN

INDIATHANK YOU