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Global trade law Lecture 6 (WTO structure (Ministerial conference…
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*WTO General Info:
- Since 1995 (Uruguay round)
overall aim (Art II. 1. WTO): The WTO shall provide the common
institutional framework for the conduct of trade relations
- 165 members country
- Ageements
a. WTO establishment
b. Trade: GATT
c. Dispute settlement
d. Review of national/regional trade policies
- Governing bodies: Ministrial conference and general council
- Predecessor: GATT with aims
a. Foster tariff reduction
b. object anti dumping
c. reduce non tariff measures*
Decission making
- Consensus (art IX)
- If no consensus, by voting (art IX)
- Some comittees refer back to their heads when consensus can't be reached (Toilet practice)
- Special rules for amandments in art X