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GATT TO WTO - Coggle Diagram
GATT TO WTO
GATT
OBJECTIVE
Promote a more open, stable and transparent global trade order
ORIGIN
After WWII
PRINCIPLES
No discrimination
Reciprocity
Open Market
INTERNAL STRUCTURE
Assembly of contracting Parties
Council of Representatives
Permanent Councils
Workgroups
ROUNDS OF GATT
Geneva 1947
Annecy 1949
Torquay 1951
Geneva 1956
Dilon 1962
Kennedy 1967
Tokyo 1973-1979
Uruguay 1986-1994
WTO
FOUNDATION
Last act of Marrakech from the Uruguar Round 1994
OBJECTIVES
Improve standard of living
Enlarge production and trade of goods
Increase the trade of services
Ensure optimum utilization of world resources
Protect the environment
Accept the concept of sustainable environment
FUNCTIONS
Administering trade agreements
Acting as a forum for trade negotiations
Settling trade disputes
Review national trade policies
Cooperating with other international organizations
STRUCTURE
MINISTERIAL CONFERENCE
General Council
Committees derived from M.A. and P.A.
Goods Council
Intelectual property council
Service council
Trade policy review body
Dispute settlement body