WTO

BY: Mahmoud IhabEslam ali

Members (148)

Applied Countries

(28) WTO Members

ABOUT WTO-The World trade organization is an organization that intends to supervise and liberalize international trade.-WTO was formed on 1st jan,1995,it was establish after world war II in the wake of other multilateral institutions dedicated to International economic corporation.-WTO was created by uruguay round negotiation (1986-94).

There are total 153 member countrries

was counted in the year 2011.

Budget 196 million swiss france in the year 2011.

Currently there are total 629 staff members are present in WTO .

•A Forum where member countries met from time to time to discuss & solve world trade problems . •It Enjoys identical legal status , privileges , Immunities that the world bank & IMF get .

OBJECTIVES OF WTO The primary aim of WTO is to implement the

new world trade agreement.

To enhance competitiveness among all trading partners so as to benefit consumers.

To increase the level of production & productivity with a view to increase the level of employment in the world.

To expand world resources in the most optimum manner.

To improve the level of living for the global population & speed up economic development of the member nations.

To take special steps for the development of poorest nations.

PRINCIPLES OF WTO

PRINCIPLES OF WTO

TRANSPARENCY

MFN TREATMENT

NATIONAL TREATMENT

FREE TRADE PRINCIPLE

DISMANTLING TRADE

BARRIERS

RULE BASED TRADING SYSTEM

WTO CONFERENCES

•WTO Ministerial Conference of 1996 Singapore

•WTO Ministerial Conference of 1998 Geneva in Switzerland.

•WTO Ministerial Conference of 1999 Seattle, Washington

Cont..•WTO Ministerial Conference of 2001 Doha, Qatar

•WTO Ministerial Conference of 2003 Cancún, Mexico

•WTO Ministerial Conference of 2005. Hong Kong

•Freer trade cuts the cost of living•It gives consumers more choice, & a broader range of qualities to choose from.•Trade raises incomes.•Trade stimulates economic growth, & that can be good news for employment•The basic principles make the system economically more efficient, & they cut costs.•The system allows disputes to be handled constructively.•A system based on rules rather than power makes life easier for all.

Advantages of WTO.

Disadvatage of WTO

•The WTO dictates policy•The WTO is for free trade at any cost•The WTO destroys jobs, worsens poverty•Small countries are powerless in the WTO•Weaker countries are forced to join the WTO•The WTO is the tool of powerful lobbies•Non-tariff barriers•Competition

KEY SUBJECTS IN WTO Agriculture :- The agreement relating to

agriculture is made up of several elements, which seek to reform trade in agriculture.

Health and Safety Measures:- The agreement on the application of Sanitary and Phytosanitary Measures concerns the application of food safety and animal and plant health regulation.

Cont.. Textiles and Clothing:- The objective of this

agreement is to secure the integration of the textile and clothing sector .

TRIPS :- The WTO agreements of trade related aspects of intellectual property rights (TRIPs) recognises that widely varying standards in the protection and enforcement of intellectual property rights and the lack of multilateral disciplines dealing with international trade in counterfeit goods.

Cont.. TRIMS:- Trade related Investement

Measures (TRIMs) are those restrictions a nation places on foreign investment that adversely affect trade in goods and services

Disputes Settlement:- The Dispute Settlement Understanding(DSU) is the legal text that spells out the rules and procedures for disputes between member countries.

THANKYOU