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WTO

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by

Gih Castro

on 3 December 2013

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Transcript of WTO

So and Gi
WTO's idea
GATT
- General Agreement on Tariffs and Trade /1948 - after the II World War
History
Functions
Principles
of the trading system
Genetically Modified Food
Case study
Conclusion
Uruguay round (1995)
Extended the range of trade negociations leading to reduce tariffs about 40%

- 125 countries
WTO was estabilished
Goods and investment
Agreement on Services
Intellectual Property
Dispute Settlement
Review of governments' trade policies
Doha round, Qatar 2001
Agriculture Subsidies
Labour Standards
Environment
Transparency
World Trade Organization
01) Non-discrimination
MFN - Most Favoured Nation

National Treatment Policy
02) Reciprocity
03) Binding and enforceable commitments
04) Transparency
05) Safety valves
Outline
Overview

History

Principles

Functions

Case study

Conclusion
Worldwide organization and members

Founding nations and period of time

Regulations and beliefs

Why does it exist?

Explain its functions

Is it effective? Criticism about WTO
Geneva, Switzerland
Can not discriminate between partners
Imported and locally produces goods should be treated equally
Reciprocal concessions
The tariff commitments are made by WTO members in a multilateral trade negotiation
The WTO members are required to publish their trade regulations
In specific circumstances, governments are able to restrict trade
TKS
China 11 December 2001
Nepal 23 April 2004
Saudi Arabia, 11 December 2005
Viet Nam 11 January 2007
Ukraine 16 May 2008
Montenegro 29 April 2012
Russian Federation 22 August 2012
Non democratic
Dictates policy
Tool of powerful lobbies
Bad for powerless countries
Regression of Doha Round
U.S. and EU maintain agriculture subsidies
Trade Negotiation
Implementation Monitoring
Dispute Settlement
Building
Trade Capacity
Agreement
Tariffs
Agriculture
Standard & Safety
Textile
Service
Intellectual Property
Anti-dumping, Subsidies etc
Non-tariff barriers
Plurilaterals
Any comments?
Procedure
US
against
EU
Japan
Australia
1999
Trade Policy Reviews
Report on Recent Trade Development
Full transcript