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.
-
The functions 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
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
-
The principles of the WTO
-
-
On 11 december 2001, China has become a member of the WTO
-
-
-
-
-
Байду номын сангаас
-
THANK YOU !
-
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
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
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