HISTORY The WTO began life on 1 January 1995‚ but its trading system is half a century older. Since 1948‚ the General Agreement on Tariffs and Trade (GATT) had provided the rules for the system. (The second WTO ministerial meeting‚ held in Geneva in May 1998‚ included a celebration of the 50th anniversary of the system.) It did not take long for the General Agreement to give birth to an unofficial‚ de facto international organization‚ also known informally as GATT. Over the years GATT evolved through
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Contents: Acknowledgement : We would like to express our whole hearted thanks to Almighty Allah by whose grace & blessings we have the knowledge‚ insight and opportunity to complete this report. We are grateful to our teacher Mr. Mirza Aqeel Baig for teaching us the entire course of Pakistan Economic Policy. His versatile knowledge in this field and unique teaching style has developed our knowledge and cleared many concepts. Thankyou! EXECUTIVE SUMMARY:
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SUBJECT: INFORMATION to IT. SUBMITTED TO: SUBMITTED BY: HUSSNAIN AHSAN CHEEMA REG. NUMBER: L1-F11-BBAM-0054 DATE: SATURDAY 25-02-2012 ASSIGNMENT TOPIC: * TYPES OF PROCESSORS‚ RAMS‚ PRINTERS AND HARD DISKS. * DOMAIN AND WORK-GROUP. * CORE i7 AND ITS SPECIFICATIOS. * SPECIFICATIONS OF OWN PC. Types of Processors: Basically there are two types of processors which are manufactured by two companies and they are Intel and AMD. Now there are a number of varieties available
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into the WTO has been a long pending one and it was the only country of the G8 group not to be in the WTO. After around 18 years of negotiation‚ Russia finally joined WTO as the 156th member in August‚ 2012. The negotiations began way back soon after the breakup of the Soviet Union in June‚ 1993 when President Boris Yeltsin submitted the WTO membership application for Russia. During the 1990’s‚ Russia’s political system was very volatile and had a slow pace reforms which stagnated the WTO negotiations
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As it is known the WTO agreements is very huge in and documents full of complexity which cover range of activities such as banking‚ government procurement‚ agriculture‚ and etc. Therefore there are five clear principles that go into all documents‚ and they are considered as the basis of multilateral trading system (WTO‚ n.d.). These principles are briefly introduced bellow: Non-discrimination trading The first principle to introduce is trading without discrimination‚ having two important components
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Merits of the WTO According to the WTO agreements‚ one of the most important reasons for having the system is that it’s a forum for countries to thrash out their differences on trade issues. In the agreement lie many over-riding reasons why it’s better off with the system in place. These are the ten distinct advantages according to the WTO; the system helps promote peace‚ disputes are handled constructively‚ rules make life easier for all‚ freer trade cuts the costs of living‚ it provides more choice
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decided to set up a permanent institution for looking after the promotion of free and fair trade amongst nations. Consequence to this decision‚ the GATT was transformed into World Trade Organisation (WTO) with effect from 1st Jan 1995. The Head Quarters of WTO is situated in Geneva‚ Switzerland. WTO is a powerful successor of GATT and a permanent organisation created by an international Treaty ratified by Government of member states which governs trade not only in goods but also in services and intellectual
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Multicultural Trade Negotiations brought the establishment of the World Trade Organization (WTO) on 1 January 1995. According to Article III.3 of the WTO Agreement‚ dispute settlement is one of the key functions of the WTO‚ The rules of the mechanism are laid down in detail in the Understanding on Rules and Procedures Governing the Settlement of Disputes in short: (Dispute Settlement Understanding; DSU) in Annex 2 of the WTO Agreement. The DSU has both incorporated the inherited concept of GATT Dispute settlement
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(GATT)‚ the World Trade Organization (WTO) is a global international trade organization that develops international commerce rules and mediates trade disputes among its members. The WTO brings together 148 members1 that participate in negotiations and binding commitments concerning the promotion of competition and the liberalization of international trade of goods and services. General Agreement on Trade in Services Concluded in 1997 under the auspices of the WTO‚ the Fourth Protocol to the General
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Europe have different regulations concerning beef. Although the beef meets American and International standards it doesn’t meet some European regulations. Even though the case went to the WTO and there were recommendations made‚ the have problem between the United States and the European Union has not been solved. In the case study it informs us that after the ruling in the favor of removing the barrier due to a lack of scientific evidence that hormone treated beef is bad‚ that the European Union persisted
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