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World Trade Organization

The World Trade Organization (WTO), established on January 1, 1995, aims to facilitate and regulate international trade through a framework for negotiations, dispute resolution, and trade rules. It operates on principles of non-discrimination, reciprocity, and transparency, with a structured governance including a Ministerial Conference and various committees. The organization faces criticisms regarding fairness and globalization concerns while continuing to adapt to evolving international economic challenges.

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6 views10 pages

World Trade Organization

The World Trade Organization (WTO), established on January 1, 1995, aims to facilitate and regulate international trade through a framework for negotiations, dispute resolution, and trade rules. It operates on principles of non-discrimination, reciprocity, and transparency, with a structured governance including a Ministerial Conference and various committees. The organization faces criticisms regarding fairness and globalization concerns while continuing to adapt to evolving international economic challenges.

Uploaded by

yajurvaairdrop
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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World Trade

Organization
Introduction to WTO

Its primary purpose is to


The World Trade Organization facilitate and regulate
(WTO) is an international international trade by providing
organization established on a framework for negotiations,
January 1, 1995. dispute resolution, and the
establishment of trade rules.
Principles of WTO

Non-discrimination: All
Reciprocity: Countries Transparency: Member
member countries are
agree to lower trade countries share information
expected to treat each
barriers in reciprocal about their trade policies,
other equally, promoting
agreements, ensuring making the trading system
the most-favored-nation
mutual benefits. more predictable.
(MFN) principle.
Functions of WTO

Trade Negotiations: The WTO conducts rounds of Dispute Resolution: It provides a mechanism for Monitoring Policies: The WTO monitors the
negotiations to reduce trade barriers and reach resolving trade disputes between member implementation of trade policies and ensures
agreements on various aspects of international countries. compliance with agreed-upon rules.
trade.
Structure of WTO
The WTO is structured with a Ministerial Conference at
the top, the General Council overseeing day-to-day
affairs, and various committees focusing on specific
areas like trade in goods, services, and intellectual
property.
Membership and Accession

To join, a country must


negotiate and agree on
The WTO currently has
terms of accession,
[number] member
addressing issues like tariff
countries.
reduction and adherence
to WTO rules.
Trade Negotiations
Doha Development Agenda: Launched in 2001, this
round of negotiations aimed to address issues like
agricultural subsidies, market access, and trade in
services. Progress has been slow, with challenges in
reaching consensus among member countries
Dispute Settlement

The dispute resolution process involves consultation, Decisions are binding, and non-compliance can lead to
adjudication by a panel, and an appellate body. authorized retaliation
Criticisms and Challenges

Globalization Concerns:
Fairness Concerns: Critics
Some believe that the WTO
argue that the WTO's rules
contributes to economic
can disproportionately favor
globalization, which can lead
economically powerful
to inequality and negative
countries.
impacts on local industries.
Conclusion and Future Prospects

Future prospects involve


In conclusion, the WTO addressing ongoing
plays a crucial role in challenges and adapting to
shaping the global trade changes in the
landscape. international economic
environment.

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