INTERNATIONAL MARKETING

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ROLE OF WORLD TRADE ORANIZATION

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MEMBERS

Ashwini Nanavare Bhagyeshree Rode Jyoti Musale Sonika Singh Swapnaja Fawade Steffie Stephen
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Tejal Shinde

INTRODUCTION

Organization that supervise and international trade.

intends to liberalize

International organization dealing with the global rules of trade between nations.

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Commenced on January 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.

HISTORY

WTO Predecessor, GATT established after world war II in the wake of the new multilateral institutions dedicated to the International economic cooperation IMF, World Bank, ITO.

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OBJECTIVES OF WTO

Trade without discrimination

To set and enforce rules for international trade,

To provide forum for negotiating and monitoring the international trade

To resolve trade disputes,

To increase the transparency of decisionmaking processes 4/9/12

SCOPE OF WTO

The WTO states that its aims are to increase international trade by promoting lower trade barriers

And providing a platform for the negotiation of trade and to their business
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FUNCTIONS OF WTO
Facilitate the implementation, Administration and operation of the plurilateral trade agreement.

Provides a forum for the negotiation

Administers the understanding on rules and procedures

Administers mechanism

the

trade

policy

review

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Co operates as appropriate with IMF AND IBRD and with the affiliated agencies

CONTD

It examines the trade regimes

WTO provides dispute courts and panel

settlement

It acts as a management consultant

It provides technical co-operations and training

4/9/12can be used as a forum for It

STRUCTURE OF WTO

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PRINCIPLES OF TRADING

NonDiscrimination

Reciprocity

Binding & enforceable commitments

Transparency

Safety valves

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SUBJECT TO WTO

Agriculture

Services

Non-agriculture

Intellectual Property Rights

Trade investment, 4/9/12

CONTD

Trade rules

Dispute settlements

Trade and environment

Trade, finance and debt

Trade and technology transfer 4/9/12

ACCESSION AND MEMBERSHIP

Status of WTO negotiations: Members (including dualrepresentation with the European Communities)
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Draft Working Party Report or

MEMBERS OF WTO

A world map of WTO participation: Members Members, dually represented with theEuropean Union

Observer 4/9/12

DISPUTE SETTLEMENT

In 1994, the WTO members agreed on the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) annexed to the "Final Act" signed in Marrakesh in 1994.

Dispute settlement is regarded by the WTO as the central pillar of the multilateral trading system, and as a "unique contribution to the stability of the global economy" 4/9/12

IMPACT OF WTO IN GLOBALIZATION

Most-favoured-nation (MFN) National treatment Free trade - gradually, through negotiation Predictability - through binding and transparency Promoting fair competition
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Encouraging development and economic reform

WTO AND INDIA

India is a founder member of the General Agreement on Tariffs and Trade (GATT) 1947

And its successor, the World Trade Organization (WTO), which came into effect on 1.1.95

After the conclusion of the Uruguay Round (UR) of 4/9/12 Multilateral Trade Negotiations.

CONCLUSION

The WTO is a place where member governments go, to try to sort out the trade problems they face with each other.

At its heart are the WTO agreements, negotiated and signed by the bulk of the worlds trading nations.

But 4/9/12 the WTO is not just about liberalizing trade, and

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