World Trade Organization - PowerPoint PPT Presentation

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World Trade Organization

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One of the youngest internation organizations ... GATT and WTO have helped create a strong and prosperous trading system. WTO Problems ... – PowerPoint PPT presentation

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Title: World Trade Organization


1
World Trade Organization
2
WTO Premise
  • The World Trade Organization 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, predictable and freely as possible.

3
WTO Background
  • Started 1995
  • One of the youngest internation organizations
  • Successor to General Agreement on Tariffs and
    Trade
  • GATT (over 50 years old)
  • Past 50 years have seen exceptional growth in
    world trade
  • GATT and WTO have helped create a strong and
    prosperous trading system

4
WTO Problems
  • Negotiations are behind closed doors in Geneva,
    Switzerland
  • No public accountability or participation
  • Not everyone is fully represented
  • Labor unions
  • Environmental groups
  • Small, local businesses are not protected by
    international competition
  • Nations cannot discriminate against products in
    terms of how they are produced
  • Use of child labor, etc.
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