1. PRESENTATION ON
WTO (WORLD TRADE
ORGANISATION)
SREEJA P. NAIR – KH08JUNMBA102
SREEJA V. NAIR – KH08JUNMBA103
RATISH VENUGOPAL – KH08JUNMBA 92
SREEVIDYA NARAYANAN – KH08JUNMBA 104
VERONICA THOMAS - KH08JUNMBA108
2. W T O (World Trade Organization)
The WTO is the only global international organization
dealing with the rules of trade between nations.
WTO came into existence on January 1st, 1995
replacing GATT (General Agreement on Trade & Tariffs)
It consists of 81 countries and territories – cover 90%
of International trade in goods and services.
Currently WTO has 144 countries.
Source :- www.wto.org.in
3. STRUCTURE OF WTO
• WTO is dominated by its highest authority –
Ministerial conference.
• Day to Day activities of WTO is managed by a no of
subsidiary bodies which include the General council.
• General Council delegates responsibility to three
other major bodies - namely the Councils for Trade in
Goods, Trade in Services and Trade-Related Aspects
of Intellectual Property.
Source:- www.wto.org.in
Continued……..
4. •Three other bodies are established by the Ministerial
Conference and report to the General Council.
• They are namely Committee on Trade &
Development, Committee on Balance of Payments
and Committee on Budget.
• There are other three agreements of the WTO –
those on civil aircraft , government procurement,
dairy products and bovine meat.
6. I - Multilateral Agreements on Trade in
Goods, with the following components:
(1) GATT 1994, consisting of the following:
GATT 1947, i.e., the original GATT with its amendments etc. as
it stands up to 31 December 1994;
Decisions taken under GATT 1947 up to tat date;
Understandings reached in the Uruguay Round in six areas,
viz., other duties and charges, state trading enterprises, balance-
of-payments provisions, customs unions and free-trade areas, waivers of
obligations, and tariff modification; and
Tariff schedules and the manner of implementation of these
schedules as agreed to in the Uruguay Round
7. (2) Other agreements in the area of goods,
viz. the 12 agreements covering the areas
of:
Agriculture
Sanitary and Phytosanitary Measures
Textiles and Clothing
Technical Barriers to Trade
Trade-Related Investment Measures
Anti-Dumping
Customs Valuations
Preshipment Inspections
Rules of Origin
Import Licensing
Subsidies and Safeguard
8. (3) - General Agreement on Trade in
Services
(4) - Agreement on Trade-Related
Aspects of Intellectual Property Rights
(5) - Trade Policy Review Mechanism
(6) - Understanding on the Settlement of
Disputes
9. EFFECTS OF WTO
Effects of WTO on developing countries.
Effects of WTO agricultural reforms in rich and
poor countries.
Effects of WTO frame work on industrial tariff cuts.
Effects of WTO on domestic pharmaceutical sector.
Continued……..
10. Effects of WTO Judicial delegation on U.S. trade
politics.
Effects of WTO on Anti Corruption Disciplines.
Effects of WTO on Human Resource
Management.
Effects of WTO on Chinese economy.
Effects of WTO on Russian economy.
11. Effects of WTO in Indian economy.
WTO & Indian Agriculture.
The reality of rising food prices.
Free Trade – Destroys Farming System .
Patent Protection.
Globalization.
12. Salient features of WTO Agreement on
Agriculture
Market Access
Tariffication
Tariff reduction
Special Safeguard
Domestic Support
Export subsidies
13. Obstacles of WTO Agreement on Agriculture
Using discriminatory market access measures to
counter other’s domestic measures.
Domestic Support is the weakest in terms of
arrangements that ensures reduced market
disortation