ipl-logo

World Trade Organization

810 Words4 Pages

WTO
WTO is an acronym for World Trade Organization . There are number of tasks performed by the world trade organization . It administers trade openings , provides forum for governments to negotiate trade agreements and settle disputes among them . It operates a system of trade rules . Main purpose of World Trade Organization is to provide forum for member governments to sought solutions for the problems they face in trading with each other .
Foundation
The world trade organization came in to existence as a consequence of negotiations and everything that World trade organization performs is the result of Negotiations . The mass of World trade organization contemporary work originates from the 1986 – 94 negotiations named as Uruguay Round and …show more content…

The secretariat employs about 600 number of people in their staff . Its staff consist of lawyers , economists , statisticians and communication experts . All the staff make sure that the negotiation among member government commence smoothly while keeping the rules and regulations of international trades intact .

Trade Negotiations
The World Trade Organization include goods , service and intellectual property rights . They express the principles of liberalization and the permitted exceptions . They include member governments commitments to lower custom tariffs and other trade barriers and to open and keep open services markets . They devise procedures for settling disputes . These agreements are not static , they can be renegotiated and amendments can be made and added to the package . Many amendments are being negotiated under the Doha Development Agenda , launched by WTO trade minister in DOHA , QATAR , in November 2001 .

Implementation and …show more content…

Countries bring disputes to the WTO in they believe their rights are being breached . Judgments by specially appointed independent experts are based on interpretations of the agreements and individual country commitments .

Building Trade Capacity
WTO contains special provisions for developing countries , including longer time periods to implement agreements and commitments , measures to increase their trade opportunities and support to help them build their trade capacity , to settle quarrels and implement technical standards. The WTO organizes hundred of cooperation mission to developing countries on annual basis . It also offer various courses in Geneva each year for government officials . Objective of Aid for trade is to help developing countries to develop skills and infrastructure crucial to expansion of trade .
The WTO maintains regular dialogue with NGO , Parliamentarians , media and general public on various aspects of WTO and ongoing Doha negotiation with the objective of spreading awareness of WTO

Show More
Related

  • Teamsters Union Research Paper

    181 Words  | 1 Pages

    While enjoying their independence, the local union benefit from the expertise and assistance of the International Union, and also of the various conferences and councils in the union’s structure. The Teamsters

    Read More

  • International Trade Dbq Essay

    1640 Words  | 7 Pages

    In the 1500’s the world was run on an Independent world, which meant that all countries were depending on their selves. Throughout the early to late 1500’s countries were trading with each other for goods either with money or other goods that other countries were unable to produce themselves. There were trade circles all over the world that trade runners would travel to unload their cargo and stock up products they receive from trade. These countries were trading materials such as gold, sugar, tobacco, and metals, and other raw materials that were valuable. By the 1700 the world was turning more interdependent.

    Read More

  • Ap World Trade Dbq Essay

    790 Words  | 4 Pages

    For any country that wants to survive in the toughest of times, they need to have good trading capabilities. Very few countries are able to sustain themselves without indulging in intensive trade with other countries. Trading has been considered a good thing in the past, but with the changing world, there are doubts about the benefits of trading. There are some factors that lead to the development of trade networks between countries. When people started to settle in larger towns, the idea that you had to produce absolutely everything for survival, began to fade.

    Read More

  • Ledcs Face Along With The Advancement Of Globalization

    982 Words  | 4 Pages

    The development of free trade has become more controversial since the end of the Second World War due to rising openness to other countries and cultures. In terms of trade, globalization refers to 'as increasingly borderless trade that develops between countries and territories or countries and countries' (Archana, 2015). Along with the growing inter-connectedness of the world, the liberalization of trade policies has favored globalization amongst many countries and has led to an introduction of new agreements such as trade blocs in which several countries make an agreement to eliminate protectionist measures such as tariffs and quotas to facilitate the flow of goods and services. Easier transportation of goods and services across borders has reduced unnecessary costs which made the cost of goods themselves cheaper and more accessible. NAFTA is a good example of the situation where several countries agree to a partnership that makes imports and exports less costly.

    Read More

  • Impact Of Global Trade Dbq

    739 Words  | 3 Pages

    The Impact of the New World in Global Trade People all over the world were affected by the global trade that was opened with the exploration of the new world. Between 1300-1800 CE people began to open trade routes that allowed people to trade all over the world. This allowed for new ideas and technologies to access parts of the world that they never had before. Now that there was an extreme increase in trade, a new merchant class arose in Europe. Trade was an important force for change leading to the desire for new resources and goods; drove exploration; and impacted societies and relationships between civilizations around the world.

    Read More

  • Does Globalization Contribute To Sustainable Prosperity Essay

    836 Words  | 4 Pages

    Trade Liberalization by definition is reducing trade barriers so that goods and services can move around the world more easily. These agreements have helped many people. So something that exemplifies trade liberalization would be the WTO(World Trade Organization) it helps open up trading but also if you do not abide by the rules you will be fined. You are not forced to pay the fine but if you do not no one will want to trade with you because the WTO has so much power.

    Read More

  • Interregional Trade Dbq Essay

    840 Words  | 4 Pages

    AP summer assignment Trading has always been an integral way in which people spread technological ideas, religion, culture, etc. Some religions such as Islam have put the importance of merchantry in their holy book the Quran. Some people like the chinese wanted to impress people with their treasure fleets. However, in order for most people to trade there has to be a routes people they will take to reach their destination. This brings me to the following reason why interregional trading increased.

    Read More

  • World Trade Patterns

    768 Words  | 4 Pages

    This era includes only 300 years, but some profound and long-lasting changes occurred. The western hemisphere came into continued contact with the eastern hemisphere. Technological innovations, strengthened political organization, and economic prosperity all contributed to this change that completely altered world trade patterns. Technological advancements and willingness of political leaders to invest in it meant that sea-based trade became much more important. Relative power and prosperity of Europe increased dramatically during this time in comparison to empires in the longer-established civilization areas but, Europe did not entirely eclipse powerful empires in Southwest Asia, Africa, and East Asia.

    Read More

  • Eco 372 Week 1 Summary

    737 Words  | 3 Pages

    1. Susan Sadocha works for the United States Department of Commerce which is a Federal Agency. She graduated from C.W. Post with a degree in International Business with a focus in policy and later received her graduate degree. She has been with the United States government for over 20 years. Her job has taken her all over the world, including 40 countries, and she had a temporary position in Russia.

    Read More

  • Gac3046 Unit 1 Assignment

    349 Words  | 2 Pages

    COP21 which was held on Nov. 330 th 2015 and lasted two weeks aimed to devise a legally binding agreement to cap global temperature rises to under 2 degrees Celsius, below preindustrial levels. Negotiations and agreements which have been brewing over several years, were finally settled in a time efficient and effective conference, hosting 196 parties which all participated in the agreement to decrease the use of fossil fuels which result in the development of greenhouse gases by 2050. The agreement functions upon the framework that each nation is to establish a conformable and realistic reduction target individually, with no penalty present for countries which fail to abide by their self‐imposed targets. Wealthy developed nations like the United

    Read More

  • The Pros And Cons Of The World Trade Organization

    1735 Words  | 7 Pages

    These include a general emphasis on consensus-based decision making, which tends to disadvantage developing countries which may have no permanent representation at the WTO’s Geneva headquarters or have delegations much smaller than those of developed countries, or they may be excluded from the club-like meetings that are usually dominated by developed countries. Such subtle biases and the general lack of transparency and accountability in its decision making process have led to the WTO being described as a rich man’s club.” (Andrew Heywood 2011) for me, I agree to that because it was seen in the actions of the WTO that they have a bias treatment between the poor and rich countries wherein when it comes to trade they favored the rich countries rather than the poor one. Is the WTO a democratic

    Read More

  • Essay On Trade Secrets

    1354 Words  | 6 Pages

    These essential principles for trade secret protection are recognized by North American Free Trade Agreement (NAFTA), General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO) and the national laws protecting trade secrecy around the world.

    Read More

  • Main Causes And Drivers Of Globalization

    1004 Words  | 5 Pages

    Finally, came the Doha round in 2001, to further liberalize global trade and investment, resulting in the

    Read More

  • Mercantilism In Africa

    2052 Words  | 9 Pages

    Nations engage in international trade because they benefit from doing so. The gains from trade arise because trade allows countries to specialise their production in a way that allocates all resources to their most productive use. Trade plays an important role in achieving this allocation because it frees each and every country’s residents from having to consume goods in the same time combination in which the domestic economy can produce them. During the past decade, China’s growing presence in Africa has increasingly become a topic for debate in the international system and among economists as well as policy analysts.

    Read More

  • Disadvantages Of Labor Relations

    926 Words  | 4 Pages

    The term labour relations, refers to the system in which employers, employees and their representatives (management) and, the government who all interact and work together directly and indirectly to set the ground rules for working relationships inside and organization. labour relations has its roots stemming from the industrial revolution, where we saw the emergence of trade unions to represent workers and their rights. A labour relations system reflects the interaction between the main actors in the organization namely the government, the employer, trade unions and employees. Well set out labour relations in an organization safeguards fair labour practices, as well as contributes to long term success within the organization. There are multiple advantages to the Labor Relations Act, all of these advantages are put into place in order to protect the well being of the employee as well as the employer both on a fair and equal basis.

    Read More

More about World Trade Organization

Open Document