PRESENTED BY : Rewa Pandey 30 Rajnandinani Singh - 29

The WTOs predecessor, the general agreement

on traiffs and trade(GATT),was estabilsh after world warII in the wake of other multilateral institutions dedicated to International economic corporation.
GATT was the only multilateral instruement

governing international trade from 1948 until the WTO was estabilshed on january 1,1995.

The World trade organisation is an organisation that

intends to supervise and liberalise international trade.

WTO was officially commenced on january 1, 1995 WTO was created by uruguay round negotiation (1986-

94).

 There are total 153 member countrries was counted in the year 2011.

Budget 196 million swiss france in the year 2011.

Currently there are total 629 staff members are

present in WTO.

WTO reiterates the objectives of GATT, some of them are as follows: Promote trade flows by encouraging nations

to adopt nondiscriminatory and predictable trade policies.

Raising standard of living and income.

Introduce sustainable development.

 Acting as a forum for multilateral trade

negotiations.
Seeking to resolve trade disputes. Acting as a watchdog of international trade. Maintaining trade related database.

 Cooperating with other international

institutions involved in global economic policy making.

Acting as a management consultant for world

trade.
Technical assistance and training for

developing countries.

PRINCIPLES OF WTO
TRANSPAREN CY RULE BASED TRADING SYSTEM MFN TREATMENT

PRINCIPLES OF WTO
DISMANTLIN G TRADE BARRIERS FREE TRADE PRINCIPLE

NATIONAL TREATMENT

ORGNISATIONAL STRUCTURE
Ministerial Conference GC: Trade Policy Review Body
Council for Trade in Goods
General Council

GC: Dispute Settlement Body Council for Trade In Servfices

Council for Intellectual Property Rights in Trade

Committee on Budget

Committee On trade & development

Committe e on BOP

Council for services

Council for goods

Trade-related intellectual property rights council

 Agriculture :- The agreement relating to agriculture is made up of several elements, which seek to reform trade in agriculture. Health and Safety Measures:- The agreement on the application of Sanitary and Phytosanitary Measures concerns the application of food safety and animal and plant health regulation.

 Textiles and Clothing:- The objective of this agreement is to secure the integration of the textile and clothing sector .
TRIPS :- The WTO agreements of trade related

aspects of intellectual property rights (TRIPs) recognises that widely varying standards in the protection and enforcement of intellectual property rights and the lack of multilateral disciplines dealing with international trade in counterfeit goods.

 TRIMS:- Trade related Investement

Measures (TRIMs) are those restrictions a nation places on foreign investment that adversely affect trade in goods and services

Disputes Settlement:- The Dispute

Settlement Understanding(DSU) is the legal text that spells out the rules and procedures for disputes between member countries.