2.

Historical
Antecedents
WORLD TRADE ORGANIZATION
it is one of the most important international
institution of the contemporary world. Although it
is fairly young organization, officially beginning it’s
existence only on January 1, 1995. The original
trading system of the WTO is almost a half century
older than the organization itself.
 GATT
General Agreement on Tariffs and Trade
To understand the WTO, it is necessary to
know about it’s history, particularly the
GATT 1947, which remains the bedrock of
the world trading system.
WTO members ( green and blue)
Observers ( yellow)
Non-members (red)
 PROTECTIONISM
Protectionism is commonly implemented by the
imposition of tariffs, quotas on import and exports,
product standard, and government subsidies. While it
may be of temporary benefit in developing countries,
total protectionism typically harms the country's
economy, industries, workers, and consumers.
WORLD TRADE ORGANIZATION
it is one of the most important international
institution of the contemporary world. Although it
is fairly young organization, officially beginning it’s
existence only on January 1, 1995. The original
trading system of the WTO is almost a half century
older than the organization itself.
 GATT
General Agreement on Tariffs and Trade
To understand the WTO, it is necessary to
know about it’s history, particularly the
GATT 1947, which remains the bedrock of
the world trading system.
WTO members ( green and blue)
Observers ( yellow)
Non-members (red)
 PROTECTIONISM
Protectionism is commonly implemented by the
imposition of tariffs, quotas on import and exports,
product standard, and government subsidies. While it
may be of temporary benefit in developing countries,
total protectionism typically harms the country's
economy, industries, workers, and consumers.
 PROPOSALS
the proposals envisaged a code of conduct relating to
government restriction on international trade and
creation of an international trade organization.

I.T.O.
It allowed for international cooperation and rules
against anti-competitive business practices.
2.2

URUGUAY ROUND
THE BIRTH OF THE WTO
 URUGUAY ROUND
The Uruguay Round is the eighth round of multilateral trade
negotiations conducted within the framework of the General
Agreement on Tariffs and Trade (GATT).