World Trade

Organisatio
n
PRESENTED BY :
VIPUL
RAVINDER
 INTRODUCTION
• Headquarter: Geneva,
Switzerland.
• Established: January
1,1995.
• Created by: Uruguay Round
Negotiations(1986-1994)
• Membership:164 Countries on 29
July,2016.
 What is WTO?
• The World Trade
Organisation(WTO)is the only global
international organisation dealing
with the rules of trade between
nations to ensure that trade flows as
smoothly and freely as possible.
 HISTORY
It Was Officially Constituted On January 1 1995
which took the place of GAAT(General Agreement
on Tariffs and Trade) as an effective formal ,
organisation.
GATT was an informal organisation which regulated
World Trade since 1947 at a conference in Geneva
which led to conduct the negotiations among the 23
countries to prevent protectionist policies and to
revive the economies from recession after World war
2
They Deal With:
Agriculture, Textile and clothing
,Banking , Telecommunication,
Industrial standards and product
safety, Intellectual property and
much more.
OBJECTIVES
• To set and enforce rules for International Trade.
• To resolve Trade Disputes.
• To improve the standard of living of member
countries.
• To increase the Trade of services.
• To ensure optimum utilisation of world
resources.
• To ensure full employment and a large and
steadily growing volume of real income and
effective demand.
FUNCTIONS
• To implement rules and provisions related to Trade Policy
Review Mechanism.
• To help member countries to decide future strategies.
• Watchdog of International Trade.
• It overseas the administration of covered agreements.
• Management consultant for world trade.
• Continuous negotiation of trade.
• Helps International Trade without Discrimination.
• Deals with tariff and Non-Tariff Measures.
TRIMS AND TRIPS OF WTO
• TRIMS: Trade Related Investment
Measures.
Restrictions imposed by a government on
foreign investment in the country.
• TRIPS: Trade Related aspects of
Intellectual Property Rights.
Regulation of intellectual property rights.
ORGANISATIONAL
STRUCTURE
PRINCIPLES OF WTO
• Trade Without Descrimination.
• Free Trade
• Promoting Fair Competition.
• Encouraging development and economic
reform.
• Binding and enforcement commitments.
• Transparency and safety values.
WORLD TRADE CURRENT SCENARIO
Current Scenario Indian Economy

India’s current account deficit narrows to $1.4

billion in december quarter.
India’s total Exports dropped 1.7% YOY in Jan
2020.
Total Import recorded 41.1 USD in Jan 2020,
which registered a decrease of 0.7% years on year.
Import duty on jewellery Hiked on 12.5%.
Growth rate brought to 5.3% from previous
projection of 6.4% .
The reserve bank of India lowered the repo rate
upto 5.15%.
Intellectual Property Rights –
Current Scenario
• Intellectual Property India is very significant
requirement in India. We have the laws but currently
it’s not as effective as it should be.

• When we discuss about Technology related

Intellectual Property India, mostly we prefer to get it
from outside. This is not because of our inadequate
capabilities rather our inadequate security over
patent laws.
• Here in India if you develop a technology after
pushing hard effort and spending lots of money yet
some wrong doers will claim such patented stuff
and earn abundant money before you claim and
law takes action against them.

• Depenning & Depenning provides you instant

solutions for Intellectual Property India, with our
dedicated IPR specialized advocates, since 1856.
CONCLUSION
• It is the place where the member
countries come and talk together
and shares their grievance in order to
resolve their problem related to
international trade.
• The system helps to promote peace
by handling the disputes of member
countries.
THANK YOU