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WORLD TRADE ORGANIZATION (WTO) - Coggle Diagram
WORLD TRADE ORGANIZATION (WTO)
Aims
To help producers of goods and services, exporters, and importers conduct their business
The aims are all to minister, navigate and achieve the purposes (functions) of building the WTO itself with the best outcome
Ensure all goods, services, and intellectual property to be transmitted between countries fairly
Members
164 members since 29 July 2016 , with dates of WTO membership.
Green: members, Yellow: observer
Functions
Administering WTO trade agreements
Forum for trade negotiations
Handling trade disputes
Monitoring national trade policies
Technical assistance and training for developing countries
Cooperation with other international organizations
Background
What they do?
Trade negotiations
Dispute settlement
Implementing and monitoring
Building trade capacity
Outreach
Who are they?
an organization for trade opening
a forum for governments to negotiate trade agreements
place where member governments try to sort out the trade problems they face with each other
What they stand for?
More open
Predictable and transparent
Non-discrimination
More beneficial for less developed countries
More competitive
Protect the environment
History
currently the host to new negotiations, under the ‘Doha Development Agenda’ launched in 2001
comes from the 1986–94 negotiations called the Uruguay Round and earlier negotiations under the General Agreement on Tariffs and Trade (GATT)
Began operating on 1 Jan 1995, an improvise version of GATT
the biggest international trade organization reformed after WW II
