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The World Trade Organization (WTO) is the only
global international organization dealing with
the rules of trade between nations.
WHY AND HOW ?
The clarification, strengthening & extension of
GATT rules saw the creation of the World Trade
Organisation (WTO) on January 1st 1995 and held
out the promise of more effective policing &
enforcement of the global trading system.
PRINCIPLES OF WTO
1. NON-DISCRIMINATION
2. TRANSPARENCY
3. ENFORCEABLE COMITMENTS
4. SAFETY VALUES
SAFETY VALUES
• GOODS & SERVICE MEANT FOR
NONECONOMIC OBJECTIVES
• INDUSTRIES LIKELY TO BE INJURED BY
COMPETITION FROM IMPORTS
• ARTICLES AIMED AT ENSURING FAIR
COMPETITION
• PROVISIONS PERMITTING INTERVENTION IN
TRADE FROM ECONOMIC REASONS.
OBJECTIVES
• RAISING STANDARD OF LIVING AND INCOME
• INTRODUCE SUSTAINABLE DEVELOPMENT
• PROMOTE TRADE FLOWS
• ESTABLISH PROCEDURES FOR SOLVING TRADE
DISPUTES
FUNCTIONS
• Administering WTO trade
agreements
• Forum for trade negotiations
• Handling trade disputes
• Technical assistance and training
for developing countries
• Cooperation with other
international organizations
Wto
THREATS
• WTO DICTATES POLICIES
• JOBS ARE DESTORYED AND POVERTY
WORSENED
• SMALL COUNTRIES ARE BECOMING
HELPLESS
• WTO IS UNDEMOCRATIC
• COMMERCIAL INTEREST AFFECTS
ENVIRONMENT
Wto
OPPORTUNITIES
1. Peace
2. Income
3. Cost of living
4. Choice
Continue.....
5. Disputes
6. Growth and jobs
7. Efficiency
Wto

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Wto

  • 1. The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
  • 2. WHY AND HOW ? The clarification, strengthening & extension of GATT rules saw the creation of the World Trade Organisation (WTO) on January 1st 1995 and held out the promise of more effective policing & enforcement of the global trading system.
  • 3. PRINCIPLES OF WTO 1. NON-DISCRIMINATION 2. TRANSPARENCY 3. ENFORCEABLE COMITMENTS 4. SAFETY VALUES
  • 4. SAFETY VALUES • GOODS & SERVICE MEANT FOR NONECONOMIC OBJECTIVES • INDUSTRIES LIKELY TO BE INJURED BY COMPETITION FROM IMPORTS • ARTICLES AIMED AT ENSURING FAIR COMPETITION • PROVISIONS PERMITTING INTERVENTION IN TRADE FROM ECONOMIC REASONS.
  • 5. OBJECTIVES • RAISING STANDARD OF LIVING AND INCOME • INTRODUCE SUSTAINABLE DEVELOPMENT • PROMOTE TRADE FLOWS • ESTABLISH PROCEDURES FOR SOLVING TRADE DISPUTES
  • 6. FUNCTIONS • Administering WTO trade agreements • Forum for trade negotiations • Handling trade disputes • Technical assistance and training for developing countries • Cooperation with other international organizations
  • 8. THREATS • WTO DICTATES POLICIES • JOBS ARE DESTORYED AND POVERTY WORSENED • SMALL COUNTRIES ARE BECOMING HELPLESS • WTO IS UNDEMOCRATIC • COMMERCIAL INTEREST AFFECTS ENVIRONMENT
  • 10. OPPORTUNITIES 1. Peace 2. Income 3. Cost of living 4. Choice
  • 11. Continue..... 5. Disputes 6. Growth and jobs 7. Efficiency