Wto - world trade organization

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THE WTO

• LOCATION: GENEVA, SWITZERLAND
• ESTABLISHED: 1 JANUARY 1995
• CREATED BY: URUGUAY (1986 -94)
• NO OF MEMBERSHIP COUNTRIES: 153 COUNTRIES(ON 23 JULY 2008)
• BUDGET: 185 MILLION SWISS FRANCS FOR 2008
• NAME OF DIRECTOR GENERAL: PASCAL LAMY
• FIND 3-5 FUNCTIONS OF THE WTO
• THE WTO’S OVERRIDING OBJECTIVE ISTO HELP TRADE FLOW SMOOTHLY, FREELY, FAIRLY AND PREDICTABLY. IT DOES THIS BY:
• ADMINISTERING TRADE AGREEMENTS
• ACTING AS A FORUM FOR TRADE NEGOTIATIONS
• SETTLING TRADEDISPUTES
• REVIEWING NATIONAL TRADE POLICIES
• ASSISTING DEVELOPING COUNTRIES IN TRADE POLICY
• ISSUES, THROUGH TECHNICAL ASSISTANCE AND TRAINING PROGRAMMES
•COOPERATING WITH OTHER INTERNATIONAL ORGANIZATIONS

1. HOW IS WTO A MULTILATERAL ORGANIZATION?
THE WTO IS A MULTILATERAL ORGANIZATION, BECAUSE ALL THE TRADES IT MAKES ARE AGREEDWITH ALL THE COUNTRIES.
2. WHICH CAME FIRST THE WTO OR THE GATT? WHEN WAS EACH ONE CREATED? DOES ORIGINAL GATT STILL EXIST?
THE GATT WAS THE FIRST, IT WAS CREATED ABOUT THE50’S AND THE WTO IS ONE OF THE YOUNGEST, IT WAS CREATED IN 1995.
3. WHAT DO “ROUNDS” MEAN?
A SERIES OF TRADE NEGOTIATION.
4. WHICH ROUND LED TO THE CREATION OF THE WTO?THE URUGUAY ROUND
5. DID NEGOTIATIONS STOP AFTER THAT ROUND? WHAT HAPPENED ON FEBRUARY 1997?
DIDN’T FINISH THERE, THEY MADE AN AGREEMENT ABOUT TELECOMMUNICATION SERVICES.6. SUMMARIES WHAT HAPPENED UNDER THE DOHA ROUND?
THEY ADD NEGOTIATIONS, ABOUT NON-AGRICULTURAL TARIFFS, TRADE AND ENVIRONMENT, WTO RULES SUCH AS ANTI-DUMPING ANDSUBSIDIES, INVESTMENT, COMPETITION, POLICY, TRADE FACILITATION, TRANSPARENCY IN GOVERNMENTS PROCUREMENT, INTELLECTUAL PROPERTY, AND A RANGE OF ISSUES. IMPLANTING THE WTO AGREEMENTS.3