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