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ADVERTISEMENTS: Let us make an in-depth of the World Trade Organisation (WTO):- 1. 0000006144 00000 n
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It operates a system of trade rules. General Council: The second level of WTO is General Council. 0000001980 00000 n
It sits in Geneva on an average once a month. This change is particu-larly important because the new institutional structure of the WTO pro- It is responsible for deciding the strategic direction of the organization and making all final decisions on the agreements under its jurisdiction. It is the supreme governing body which takes ultimate decisions on all matters. 0000004083 00000 n
Membership, alliances and bureaucracy 3.) WTO has about 160 members which accounts for 95% of world trade. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. 0000001337 00000 n
Criticisms of the World Trade Organisation. The WTO’s ruling body is the General Council, comprising each member country’s permanent envoys. This chapter sets reform and strengthening of the WTO in the context of the emerging debate over global governance and propos-es reforms in WTO structure and decision-making that respond to several of the organization’s key problems. 1942 0 obj
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There are 25 other negotiating memberships. The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. h�bbd``b`> $� ��@�g=��k�+�X"�A� ��@B The organization chart below can also be downloaded in a print-friendly pdf version: in pdf … The Uruguay Round, conducted from 1987 to 1994, culminated in the Marrakesh Agreement, which established the World Trade Organization (WTO). 1. Present Status of the WTO 153 Members – Cape Verde, the most recent member (joined on 23 July 2008) Structure of the World Trade Organisation: The WTO secretariat (numbering 625 of many nationalities) is headed by Director General. General Council: The second level of WTO is General Council. 0000001958 00000 n
It meets once in two years. Structure of the World Trade Organisation 2. �js_�R6,��]B\x�I��8�_�����k�u}�g��ZkH[��8R�b��%�f�g��{�ԇ��lc��^w�>P�y�ă�Bn �k|_�>T�q�Ņ�C���7)�⧇
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It is the largest international … It’s a place where trade disputes are settled. Structure of World Trade Organization a. 0000001401 00000 n
The structure of the WTO is dominated by its highest authority, the MinisterialConference, composed of representatives of all WTO members, which is required to meet at least every two yearsand which can take decisions on all matters under any of the multilateral trade agreements. We can look at WTO in several ways. 0000003218 00000 n
Establishment of the World Trade Organization. Functions of the World Trade Organisation 3. WTO is headed by the Ministerial Conference who enjoys absolute authority over the institution. One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. Essentially, the WTO is a place where governments who are members go, in order to sort out the trade problems they face with each other. General Council c. Council for Trade d. Subsidiary Bodies 2.) %PDF-1.4
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