Download - Roshan belokar
Shri shivaji arts, commerce & science college, akot
Class :- b.com ii Topic :- WORLD TREAD ORGANIZATION
Presented by :- Roshan BelokarDepartment of Commerce
WORLD TRADE ORGANIZATION
INTRODUCTION
The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade.
The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.
Organizational Structure
General Council
Council for Tradein Goods
Council for Intellectual Property Rights in Trade
Council for TradeIn Servfices
GC: DisputeSettlement Body
GC: Trade Policy Review Body
Ministerial Conference
1. General council:The ministerial conference give
the authority of direction to general director in the general council. General director has composed representatives of all the member of general council.2. Dispute settlement:
General director is also execute the act of dispute settlement body and create equal environment of there.
ObjectivesThe important objectives of WTO are:
To improve the standard of living of people in the member countries.
To ensure full employment and broad increase in effective demand.
To enlarge production and trade of goods.
To increase the trade of services.
To ensure optimum utilization of world resources.
To protect the environment.
To accept the concept of sustainable development.
FunctionsCreate a fair rule based and transfarant
trading system.Rise the leaving of standard of member
countriesExpand world production and trade.Increase employment among member
countries.Maximum use of nation resources of the
world.
To promote the world economy.
Work on global free trade.
Give stability to world economy.
Solve the trade problem among countries.Promote world trade in a manner that
benefit every member nation.
Principles Trade without discrimination
1. Most- favoured-nation (MFN)
2. National treatment
Freer trade
Predictability
Promoting fair competition
To set up an impartial means of settling
disputes
Ministerial conferences
Ministerial conferences
# Date Host City
1st 9–13 December 1996 Singapore
2nd 18–20 May 1998 Geneva, Switzerland
3rd 30 November – 3 December 1999 Seattle, United States
4th 9–14 November 2001 Doha, Qatar
5th 10–14 September 2003 Cancún, Mexico
6th 13–18 December 2005 Hong Kong
7th 30 November – 2 December 2009
Geneva, Switzerland
8th 15–17 December 2011 Geneva, Switzerland
9th 3–6 December 2013 Bali, Indonesia
10th 15–18 December 2015 Nairobi, Kenya
Talent Wins Games But Team Work Wins Championship