1. Presented By : Sumit Juneja
Navdeep Singh Dakra
MBA(Finance)
Business
Environment

2. World Trade
Organisation

3. About WTOAbout WTO
Objective of WTOObjective of WTO
Functions of WTOFunctions of WTO
The WTO StructureThe WTO Structure
Principles of WTOPrinciples of WTO
Key Subjects in WTOKey Subjects in WTO
Q & AQ & A

4. 4
About WTO
The World Trade Organization (WTO) is the only
global international organization dealing with the
rules of trade between nations. At its heart are the
WTO agreements, negotiated and signed by the
bulk 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.

5. 5
Created by : Uruguay Round negotiations (1986-94)Created by : Uruguay Round negotiations (1986-94)
Membership :153 countries (on 23 July 2008)Membership :153 countries (on 23 July 2008)
Budget : 185 million Swiss francs for 2008Budget : 185 million Swiss francs for 2008
2007 Secretariat Staff : 6252007 Secretariat Staff : 625
Head : Director-General, Pascal LamyHead : Director-General, Pascal Lamy
Established: 1 January 1995Established: 1 January 1995
Location :- Geneva, SwitzerlandLocation :- Geneva, Switzerland

6. Objectives
Important objectives of WTO are mentioned below:
(i) to implement the new world trade system as visualised in the
Agreement;
(ii) to promote World Trade in a manner that benefits every
country;
(iii) to ensure that developing countries secure a better balance in
the sharing of the advantages resulting from the expansion of
international trade corresponding to their developmental needs;

7. (iv) to demolish all hurdles to an open world trading system and
usher in international economic renaissance because the world
trade is an effective instrument to foster economic growth;
• (v) to enhance competitiveness among all trading partners so as to
benefit consumers and help in global integration;
• (vi) to increase the level of production and productivity with a view to
ensuring level of employment in the world;
• (vii) to expand and utilize world resources to the best;
• (viii) to improve the level of living for the global population and
speed up economic development of the member nations.

8. 8
Functions of WTO
(i) The WTO shall facilitate the implementation, administration and
operation and further the objec­tives of this Agreement and of the
Multilateral Trade Agreements, and shall also provide the frame work for the
implementation, administration and operation of the plurilateral Trade
Agreements.
(ii) The WTO shall provide the forum for negotiations among its members
concerning their multilateral trade relations in matters dealt with under the
Agreement in the Annexes to this Agreement.
(iii) The WTO shall administer the Understanding on Rules and Procedures
Governing the Settlement of Disputes.
(iv) The WTO shall administer Trade Policy Review Mechanism.
(v) With a view to achieving greater coherence in global economic policy
making, the WTO shall cooperate, as appropriate, with the international
Monetary Fund (IMF) and with the International Bank for Reconstruction
and Development (IBRD) and its affiliated agencies.

9. 9
The WTO Structure
Ministerial conferenceMinisterial conference
SecretariatSecretariat
Dispute Settlement BodyDispute Settlement Body General CouncilGeneral Council
Director GeneralDirector General
Trade Policy Review BodyTrade Policy Review Body

10. 10
The WTO Structure
Committee
On Budget
Committee
On T & D
Committee
On BoP
Council for
Service
Council for
Goods
Trade relatedIntellectualPropertyrightscouncil

11. 11
Principles of WTO

12. 12
The WTO Principles
Rule Based
Trading
System
Treatment
For LDCs
Competition
On BoP
Environment
Protection
Transparency
Dismantling
Trade
Barriers
Principles
Of
WTO
MFN
Treatment
National
Treatment
Free
Trade
Principle

13. Should India Quit WTO
?

14. 14
WTO & Developing Countries

15. As in the Case of the Previous rewards, the
developing countries, in general are dissatisfied with
the outcome of the Uruguay Round*
Do Developing Countries Suffer in
the WTO System?
-Special Consideration
-Agriculture Trade Liberalization
-Textiles Trade Liberalization
-Service Trade Liberalization
-Unequal Participation
-Conclusion

16. 16
GATT & WTO

17. Questions & Answers…..

18. 18
Thank You