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WORLD TRADE ORGANISATION
•
WTO MEMBERSOBSERVERSEUROPEAN UNION
• INTRODUCTION
The World Trade Organization (WTO) deals with the global rules of trade between nations. It is an organization that intends to supervise and liberalize international trade.
The organization officially commenced on January 1, 1995 under the Marrakech Agreement replacing the General Agreement on Tariffs and Trade which commenced in 1948.
OBJECTIVES
To set and enforce rules for international trade.
To provide a forum for negotiating and monitoring further trade liberalization.
To resolve trade disputes.
OBJECTIVES
To increase the transparency of decision-making processes.
To cooperate with other major international economic institutions involved in global economic management.
To help developing countries benefit fully from the global trading system
ORGANISATIONAL STUCTURE
FUNCTIONS
To oversee implementing and administering WTO agreements. To provide a forum for
negotiations. To provide a dispute settlement
mechanism.
MULTILATERAL AGREEMENTS ON TRADE IN GOODS
UNDERSTANDING ON RULES AND PROCEDURES
GOVERNING THE SETTLEMENT OF
DISPUTES
GENERAL AGREEMENTS ON
TRADE IN SERVICES
PLURILATERAL TRADE
AGREEMENTS
AGREEMENT ON TRADE RELATED
ASPECTS OF INTELLECTUAL
PROPERTY RIGHTS
TRADE POLICY REVIEW
MECHANISM
• WTO
AGREEMENTS
•
INDIA AND WTOBasic Indicators
Population (thousands, 2011)
1 241 492 Rank in world trade, 2011
Export Import
GDP (million current US$, 2011
1 847 982 Merchandise
19 12
GDP (million current PPP US$, 2011)
4 530 861 Excluding intra EU trade
13 8
Trade per capita (US$, 2009-2011)
641 Commercial services
8 7
Trade to GDP ratio (2009-2011)
48.1 Excluding intra EU trade
5 5