Free Web Hosting    Free Web Templates

Wednesday, July 15, 2009

World Trade Organization (WTO)




World Trade Organization








Organization in 1995. It is one of the smallest organizations to the global age, where the WTO is the successor of the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II.

Thus, despite the fact that the WTO is still the modern multilateral trading system, which was originally developed under the GATT has reached the age of fifty years. Celebrate the golden jubilee system in Geneva in May 19, 1998 the presence of many Heads of State and government leaders.

Twenty years have witnessed exceptional growth in the last world trade. Merchandise exports has increased an average of 6% per year and helped the GATT and the WTO to establish a trading system a strong and prosperous, which have contributed to unprecedented growth.

The system has evolved through a series of trade negotiations, or rounds, held under the banner of the GATT, the first rounds concessions primarily to reduce tariffs. The subsequent negotiations elsewhere, such as anti-dumping procedures, which do not belong to tariffs. Led the last round of the 1986 to 1994 for the establishment of the World Trade Organization.

Negotiations did not end at this point, but some negotiations continued after the end of the Uruguay Round. In February 1997 reached an agreement about the telecommunications services with the approval of the actions of the Government of 69 written and wide-reaching in excess of those agreed upon in Tetum Uruguay Round.

In the same year the Government has completed four successful negotiations on trade without tariffs, especially information technology products, and completed the seven Member States of the special agreement covers the financial services to more than 95% of the trade of banking, insurance, securities and financial information.

Members also agreed at the World Trade Organization ministerial meeting in May 1998 to examine areas of trade arising from the global electronic commerce.

In 2000 new negotiations in agriculture and services.

The WTO is the only global organization competent international laws on trade between nations. The organization's mission is to ensure the basic flow of trade as smooth as possible and ease and freedom.
The desired result of that is security. Consumers and manufacturers are aware of the possibility of supply by ensuring the continued enjoyment of the goods, while ensuring the widest selection of finished products, components and raw materials as well as production services. This ensures all producers and exporters to foreign markets will remain always open to them.
The result of all this is a world where economic prosperity and peace.

Another result is confidence. That consumers and producers know that they can enjoy secure supplies and a wider choice of final products, components and raw materials and services used by them. And to know the producers and exporters to foreign markets will remain open to them.

The result is also the world economy enjoyed a prosperous peace and more official. Are typically the decision-making in the WTO Member States, unanimity to be ratified by the parliaments of the Member States. Be challenged with regard to trade disputes through the dispute settlement mechanism of WTO, where the emphasis is on interpreting agreements and commitments and how to ensure that the trade policies of their countries. In this way, decrease the risk that the differences extend to the political or military conflicts reduced. And the reduction of trade barriers, the WTO system also removes other barriers between individuals and nations.
Decision-making in the WTO is usually a unanimous vote of the Member States and then later approved by the Parliaments of the States. Transformation of any trade dispute to the dispute settlement mechanism in the organization where they are resorting to the conventions and treaties to ensure that the systems and the trade policies of countries in line with them. In this way, the risk of conflict transformation to a political or military conflict is much lower. And to reduce trade barriers in the systems lead the World Trade Organization to reduce barriers between the United States.
That the focus of the system known as the multilateral trading system is the World Trade Organization Agreements, signed by a majority of countries in the world of commerce and approved by their parliaments. The foundations of those conventions and legal norms of international trade is in the basis of contracts to the Member States to ensure that important commercial rights Governments are also required to maintain the continuity of their business within the limits acceptable in the interest of all.
The conventions discussed by Governments and by governments, however, that the purpose of these conventions in the foundation is to help producers of goods and providers of goods and services, exporters and importers to manage their business successfully, which leads to the interest and welfare of the peoples of Member States

Terms of Reference.
The main objective of the World Trade Organization is to assist in the operation and the flow of trade and Bslaslp expected and freely.

The organization does so by:
Management agreements on trade.
Presence of a forum for negotiations on trade.
Resolution of disputes relating to trade.
Review of national policies relating to trade.
Assist developing countries in trade policy issues through technical aid and training programs.
Cooperation with other international organizations.
Structure

The membership of the World Trade Organization more than 140 members representing more than 90% of world trade. The 30 others are negotiating with regard to membership.

Decisions are made by all members, be unanimous. Ratified the WTO agreements by the parliaments of all Member States.

The supreme body of decision-making in the WTO is the Ministerial Conference which is held once every two years at least.

The General Council in the following list (including ambassadors, in general, heads of delegations in Geneva, but sometimes include senders officials from the capitals of Member States), which is held in Adpmrat at Headquarters in Geneva. The General Council meets as a trade policy review body and as the resolution of disputes.

There is the next level in both the goods and services the Council and the Council of Intellectual Property (TRIPS), which reports to the General Council.

Handle many of the specialized committees and working groups and task forces with the conventions, the Convention on the unit and other topics such as environment, development, membership applications and regional trade agreements.

His first ministerial conference in Singapore in 1996 three working groups to this new structure. And specializes in the relationship between trade and investment, interaction between trade and competition policy, transparency in government procurement. At the second ministerial meeting in Geneva in 1998 Ministers decided that the World Trade Organization will examine also the subject of e-commerce, a task which will be divided between the boards and commissions.

Ten advantages of the trade regime of WTO

Allow WTO trading system and many of the advantages and benefits, some known and others are not clear, as the organization seeks to create a more peaceful world through which we have the money and goods and services we use that we enjoy.

World is very complex: this text shows some of the benefits of the multilateral trading system of the World Trade Organization, although the text does not claim that the system is free from defects that were the case, there would be no need for further negotiations and discussions and will be revising the rules for the development and continuous improvement. Nor can the claim that everyone agrees on everything in the World Trade Organization. Perhaps this is one of the main reasons for the existence of a system: it is a forum where the circulation of ideas and differences between countries in matters relating to trade.

This means that there are many reasons why the existence of the rules of the advantage of the presence and absence of the following ten advantages.

Ten advantages of a global trading system
1 - support system and strengthen the peace.
2 - The address conflict constructively.
3 - lead to lay the foundations and rules to make life easier for all.
4 - reduce the most liberal trade regime for life.
5 - expand the trading system more liberal than the range of choices in products and quality.
6 - Free trade increases income.
7 - free trade stimulates economic growth.
8 - makes the rules and the foundations of the trade life more meaningful and useful.
9 - to protect the free trade regime and the governments of the existence of partisan groups.
10 - will help the free trade system of the existence of a strong government


No comments:

Post a Comment