It provides a forum for negotiations and for settling disputes.
The WTO is responsible for strengthening the IMF and WBG.
The principles of the WTO
Non-Discrimination The rule requires that a WTO member must apply the same conditions on all trade with other WTO members.
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.
Transparency
In 1986, China notified the GATT of its wish to resume its status as a GATT contracting party.
In 1987, the Working Party on China's status was established under GATT.
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.
3.Vitality, energy.
4.Cooperation.
World Trade Organization
It head-quartered in Geneva Switzerland.
It has159 members (2013)
The functions of the WTO
It oversees the implementation, administration and operation of the covered agreements.
The World Trade
Organization (WTO)
Contents
Definition History Basic information China and WTO
What's the WTO?
The only global international organization dealing with the rules of trade between nations . An organization for trade opening. A forum for governments to negotiate trade agreements. A place to settle trade disputes. A rules-based member-driven organization.
Establishment (GATT-WTO)
1947, General Agreement on Tariffs and Trade(GATT) .（关 税与贸易总协定）
In the wake of “Bretton Woods” institutions(布雷顿 森林体 系）-the World Bank and the International Monetary Fund.
Fair competition
Not allowed to take unfair trade practices to compete , such as Dumping and subsidies.
China ﹠ WTO
One of the 23 original signatories of the General Agreement on Tariffs and Trade (GATT) in 1948.
1948-1994, GATT provided the rules for much of the world trade.
The predecessor of WTO.
After eight GATT trade rounds(贸易回合谈判）， WTO was born in Jan. 1st ,1995.
Pros and cons
Opportunities
1. Eliminate tariff barriers.
2. Diversified development of export trade.
3. Clear and credible rules.
4. More investments.
5. Closer economic and trade relations among Mainland China , Hong Kong , Macao and Taiwan.
In 1995, China became the observer of the WTO.
After bilateral negotiations, China joined the WTO on November 11th , 2001.
On November 11th , 2001, China joined the WTO
Basic nformation about the WTO
The logo of the WTO
1. Designed by Singaporean Su Yeang Design company， announced in 1997.
2.Six helical curves（螺旋曲线）in red, blue and green.