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    Assignme NT: WTO (World Trade Organization)

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    Ƞƛǝǝm KĦáń
    The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. It was established in 1995 and provides a framework for negotiating and formalizing international trade rules and agreements. The WTO also provides a dispute resolution process for enforcing agreements. It seeks to liberalize trade through negotiations like the Doha Development Round, which focuses on developing country needs. The future of the Doha Round remains uncertain.

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    Assignme NT: WTO (World Trade Organization)

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    Ƞƛǝǝm KĦáń
    47 views4 pages
    The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. It was established in 1995 and provides a framework for negotiating and formalizing international trade rules and agreements. The WTO also provides a dispute resolution process for enforcing agreements. It seeks to liberalize trade through negotiations like the Doha Development Round, which focuses on developing country needs. The future of the Doha Round remains uncertain.

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    WTO

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    The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. It was established in 1995 and provides a framework for negotiating and formalizing international trade rules and agreements. The WTO also provides a dispute resolution process for enforcing agreements. It seeks to liberalize trade through negotiations like the Doha Development Round, which focuses on developing country needs. The future of the Doha Round remains uncertain.

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    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    47 views4 pages

    Assignme NT: WTO (World Trade Organization)

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    Ƞƛǝǝm KĦáń
    The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. It was established in 1995 and provides a framework for negotiating and formalizing international trade rules and agreements. The WTO also provides a dispute resolution process for enforcing agreements. It seeks to liberalize trade through negotiations like the Doha Development Round, which focuses on developing country needs. The future of the Doha Round remains uncertain.

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    Assignme nt

    On

    WTO( world trade Organization)

    Course Title: -

    MARO ECONOMICS

    MBA (BANKING AND FINANCE)


    No: - 03 Semester: 2012. 3rd Dated: - 08 /04 /

    Submitted By: Submitted To: Naeem khan RAZA SHAH


    Enrollment: 16077

    Sir

    WTO (World Trade Organization)


    The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements which are signed by representatives of member governments[5]:fol.910 and ratified by their parliaments.[6] Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay (1986 1994). The organization is attempting to complete negotiations on the Doha Development Agenda, or Doha Round, which was launched in 2001 with an explicit focus on addressing the needs of developing countries. According to a Union statement, "The 2008 Ministerial meeting broke down over a disagreement between exporters of agricultural bulk commodities and countries with large numbers of subsistence farmers on the precise terms of a 'special safeguard measure' to protect farmers from surges in imports."[7] The position of the European Commission is that "The successful conclusion of the Doha negotiations would confirm the central role of multilateral liberalization and rule-making. It would confirm the WTO as a powerful shield against protectionist backsliding. An impasse remains. As of May 2012, the future of the Doha Round remains uncertain. The WTO's predecessor, the General Agreement on Tariffs and Trade (GATT), was established after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation notably the Breton Woods institutions known as the World and the International Monetary Fund. A comparable international institution for trade, named the International Trade Organization was successfully negotiated. The ITO was to be a United Nations specialized agency and would address not only trade barriers but other issues indirectly related to trade, including employment, investment, restrictive business practices, and commodity agreements. But the ITO treaty was not approved by the U.S. and a few other signatories and never went into effect.

    In the absence of an international organization for trade, the GATT would over the years "transform itself" into a de facto international organization.

    FUNCTIONS
    Among the various functions of the WTO, these are regarded by analysts as the most important: It oversees the implementation, administration and operation of the covered agreements.

    It provides a forum for negotiations and for settling disputes.

    Additionally, it is the WTO's duty to review and propagate the national trade policies, and to ensure the coherence and transparency of trade policies through surveillance in global economic policy-making. Another priority of the WTO is the assistance of developing, least-developed and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training.[31] The WTO is also a center of economic research and analysis: regular assessments of the global trade picture in its annual publications and research reports on specific topics are produced by the organization. Finally, the WTO cooperates closely with the two other components of the Breton Woods system, the IMF and the World Bank.

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