Wto MBA notes

[pooja]

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Hello sir, Im doing MBA I want noted for World Trade Organization. Is there any one can provide me World Trade Organization MBA notes?

[pooja]

In MBA study The World Trade Organization is an intergovernmental organization which regulates international trade.

The World Trade Organisation officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade(GATT), which commenced in 1948.

As an organization it has vast powers and functions than what its predecessor GATT (General Agreement on Tariffs and Trade) had, the objectives and goals of both being broadly the same.


Functions of WTO:
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 organisations

Features of World Trade Organisation;

It is an international organization to promote multilateral trade.
It has replaced GATT.
It promotes free trade by removing tariff and non-tariff barriers in international trade.
It has fixed set of rules and regulations and it has a legal status.
Agreements agreed by member-countries are binding on all members of WTO and if any member does not follow such agreements,
It includes trade in goods, trade in services, protection of intellectual property right rights, foreign investment etc.

The WTO overview:

Location: Geneva, Switzerland
Established : 1 January 1995
Created by : Uruguay Round negotiations (1986-94)
Membership : 160 countries(on 26 June 2014)
Budget : 197 million Swiss francsfor 2013
Secretariat sta : 640
Head : Roberto Azev