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2. WTO World Trade Organization 3. What is WTO The WTO in Brief the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. Mission statement The World Trade Organization the WTO is the international organization whose primary purpose is to open trade for the benefit of all About the WTO Understanding the WTO Essentially, the WTO is a place where member governments go, to try to sort out the trade problems they face with each other. 4. Who we are It is an organization for trade opening. It is a forum for governments to negotiate tradeagreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other. 5. What we do Trade negotiations Implementation and monitoring Dispute settlement Building trade capacity Outreach 6. What we stand for Non-discrimination More open Predictable and transparent More competitive More beneficial for less developed countries Protect the environment 7. GATT On 1 January 1995, the WTO replaced GATT, whichhad been in existence since 1947, as the organization overseeing the multilateral trading system. The governments that had signed GATT were officially known as GATT contracting parties. Upon signing the new WTO agreements (which include the updated GATT, known as GATT 1994), they officially became known as WTO members. 128 countries signed GATT by 19s94 8. 10 benefits of the WTO trading system 1. 2. 3.4. 5. 6.7. 8. 9. 10.The system helps promote peace Disputes are handled constructively Rules make life easier for all Freer trade cuts the costs of living It provides more choice of products and qualities Trade raises incomes Trade stimulates economic growth The basic principles make life more efficient Governments are shielded from lobbying The system encourages good government 9. 10 common misunderstandings about the WTO 1. 2. 3. 4. 5.6. 7. 8.9. 10.The WTO dictates policy The WTO is for free trade at any cost Commercial interests take priority over development and over the environment and over health and safety The WTO destroys jobs, worsens poverty Small countries are powerless in the WTO The WTO is the tool of powerful lobbies Weaker countries are forced to join the WTO The WTO is undemocratic 10. How to join the WTO: the accession process First, tell us about yourself Second, work out with us individually whatyou have to offer Third, lets draft membership terms Finally, the decision 11. 12. 5731 4831 8831 8731 5831 9 ( 7 ) 13. - - - .1.2. 3. 4. 5. 6. 7. 1. 2. 3.8. . . . . 14. : . 15. 10 %5 52% 16. 7491 . . . ( ) 17. : :