The principles of the WTO
3. Transparency The WTO members are required to publish their trade regulations， to respond to requests for information by other members, and to notify changes in trade policies to the WTO 4. Fair competition Not allowed to take unfair trade practices to compete , such as Dumping and subsidies
The WTO has 153 members
WTO founder members (1 January 1995) WTO subsequent members
On 11 december 2001, China has become a membenctions of the WTO
1. It oversees the implementation, administration and operation of the covered agreements 2. It provides a forum for negotiations and for settling disputes 3. the WTO is responsible for strengthening the IMF and WBG
The principles of the WTO
1. Non-Discrimination The rule requires that a WTO member must apply the same conditions on all trade with other WTO members 2. Reciprocity It reflects both a desire to limit the scope of free-riding that may arise and a desire to obtain better access to foreign markets
World Trade Organization
(WTO)
——世界贸易组织
What is the WTO
The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. The organization officially commenced on January 1, 1995 , replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.