Organization (WTO) is the only global international organization dealing with the rules of trade between nations. The organization officially commenced on 1 January 1995 under the Marrakech Agreement. At its heart are the WTO agreements‚ negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services‚ exporters‚ and importers conduct their business. WTO has 159 members on 2 March 2013 Function of WTO The WTO shall
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World Trade Organization (WTO) Established 1 January 1995 Formed by Uruguay Round negotiations (1986-94) Location Geneva‚ Switzerland Budget 196 million Swiss francs for 2011 Director General Pascal Lamy Main Focus To open trade for the benefit of all. Membership 153 countries on 23 July 2008 Secretariat staff 640
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WTO GENESIS The General Agreement on Trade and Tariff (GATT) came into existence in 1947 It sought substantial reduction in tariff and other barriers to trade and to eliminate discriminatory treatment in international commerce. India became a signatory to GATT in 1947 along with twenty two other countries Reasons for GATT to be carved into WTO GATT faced many problems‚ with the world trade becoming more and more complex‚ GATT was unable to deal with it. Eg. In the agriculture
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On November 30‚ 1999‚ major governments met at a World Trade Organization (WTO)‚ ministerial meeting at the Washington State Convention and Trade Center in Seattle‚ Washington. During this meeting an enormous public protest took place in the streets of Seattle. The protestors were representing human rights groups‚ students‚ environmental groups‚ religious leaders‚ labor rights activists and members of numerous other groups. The groups were not only from the United States‚ but had come from all over
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Name : MUHAMMAD ROHAN Delegation ID : PMUN-114 Committee : SPECIAL POLITICAL AND DECOLONIZATION COMMITTEE (SPECPOL) Country : VENEZUELA Institution : THE CITY SCHOOL PAF CHAPTER Topic Area A : SYRIAN CRISIS Venezuela believes that the Syrian Civil War is a matter of immense concern. On 2 January 2013‚ the United Nations stated that the war’s death toll had exceeded 60‚000. According to various opposition activist groups‚ between 50‚000 and 63‚735 people have been killed‚ of which
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ECON 0602: Lecture 5 Topics China and the WTO WTO and its rules China’s entry to the WTO Trade frictions China’s Foreign Trade: Special Issues China’s FTA: CEPA Sino-US trade imbalance China’s exchange rate Export and employment 1 © HKU ECON 0602 Larry QIU 2/153 What is WTO? China and the WTO: Questions/issues General Agreement on Tariffs and Trade (GATT‚ 1947-1994) What is WTO? 1947‚ Geneva‚ 23 (including China)‚ now 148+ Most Favored Nation Principle
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ASSIGNMENT # 1- Individual International Economic Institutions Outline the role and functions of the following economic institutions: The IMF World Bank The WTO Discuss the criticisms/ complaints that have been made against each of these institutions. How can the above institutions assist in the process of economic development of Jamaica? Document Submission- Due date: October 12‚ 2014 The IMF The International Monetary Function is provide short terms credit to member countries for meeting
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China‚ officially the People’s Republic of China‚ is the largest country in East Asia. It is located in Asia-Europe mainland east‚ the west coast of the Pacific Ocean. China is one of the fastest economic growths‚ but Chinese productivity overall level is relatively low‚ area develops lopsided; level of science and technology and cultural quality is not high enough. “China is the world’s …over 1.3 billion…” [1] It shows how many people China has now. And the most intensive urban are Shanghai‚ Beijing
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tourism and telecommunications)‚ intellectual property‚ textiles and clothing and agricultural products (Richard Schaffer‚ 1996). The WTO replaced GATT (General Agreement on Tariffs and Trade ) as the world’s global trading body in 1995‚ and the current set of governing rules stems from the Uruguay Round of GATT negotiations‚ which took place throughout 1986-1994. While WTO is relatively young organization the multilateral trading system was originally set up under GATT about 50 years ago. The GATT preamble
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Copyright‚ patents‚ trademarks‚ designs and even natural resources contains national importance. TRIPS enforces a powerful mechanism for protection of Intellectual Property Rights. This paper seeks to provide an introduction to the role played by WTO to protect intellectual property‚ the basic provisions of the TRIPS Agreement‚ and recent TRIPS developments. I. Introduction One of the most significant developments of the Uruguay Round of Trade Negotiations (1986-94) was the inclusion of intellectual
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