3
World Trade Organization
Introduction
1
Location: Geneva, Switzerland
Established: 1 January 1995
Created by: Uruguay Round negotiations (1986-94)
Membership: 164 members representing 98 per cent of world trade
Budget: 197 million Swiss francs for 2018
Secretariat staff: 625
Head: Roberto Azevêdo (Director-General)
AGENDA
AGENDA
- HISTORY
- WHAT IS WTO?
- WHAT WTO DOES?
- WHAT WTO STANDS FOR?
- THINGS WTO CAN DO
- VIDEO
- POLAND
2
World
Trade
Organization
#1
- Less tariffs means greater trade
- There is no need for trade wars
- Trade brings prices down
- More trade means more choices
- Innovation fuels trade
#2
HISTORY
GATT problems
Creation of WTO
Creation of GATT
#3
WHAT IS ?
It is the only international organization dealing with the global rules of trade between nations.
The WTO agreements are negotiated and signed by the majority of the world’s trading nations and ratified in their parliaments.
The goal is to help producers of goods and services, exporters, and importers conduct their business.
#4
WHAT WTO DOES?
1. Trade negotiations
2. Implementation and monitoring
3. Dispute settlement
4. Building trade capacity
5. Outreach
#5
WHAT WTO STANDS FOR?
- Non-discrimination
- More open
- Predictable and transparent
- More competitive
- More beneficial for less developed countries
- Protect the environment
THINGS WTO CAN DO
3
1. Cut living costs and raise living standards
2. Reduces Trade Tension and settle conflicts stimulate economic growth and employment
3. Less costs of doing business internationally
4. Encourage good governance
5. Help countries develop
6. Give weaker countries stronger voice
7. Support the environment and health
contribute to peace and stability
8. Be effective without hitting the headlines
4
5
POLAND
6
7
Questions?
Paulina Godlewska
Aleksandra Sieradzan
Weronka Kaczmarek
Sources: https://www.wto.org/index.htm