GATT, WTO & CONTROVERSIES, Slides of International Business

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GATT, WTO & CONTROVERSIES

CONTENTS

1. GATT & ITS HISTORY

2. OBJECTIVES/FUNCTIONS OF GATT

3. GATT & INDIA

4. DEFECTS & NEGOTIATIONS

5. THE FINAL ACT(GATT TO WTO)

6. OBJECTIVES/PRINCIPLES

7. STRUCTURE & MINISTERIAL CONFERENCES

8. DISPUTE SETTLEMENT MECHANISM OF WTO

9. 1 DISPUTE CASE

10. CONCLUSION

HISTORY OF GATT

1951

TORQUAY ROUND

1955-

GENEVA ROUND

1947

INITIAL ROUND

1949

ANNECY ROUND

HISTORY OF GATT

1973-

TOKYO ROUND

1986-

URUGUAY ROUND

1960-

DILLON ROUND

1964-

KENNEDY ROUND

FUNCTIONS OF GATT

• Most favored nation clause
• Trade negotiations
• Tariff and non-tariff measures
• Safeguards
• Complaints and waivers
• Settlement of disputes

Bilateral

Negotiations &

Multilateral Trade

Groups

WTO

(World Trade Organisation)

• The World Trade Organization is an intergovernmental organization that regulates and facilitates international trade between nations.

The WTO has 164 members, accounting for 98% of world trade. A total of 25 countries are negotiating membership.

PRINCIPLES OF THE TRADING SYSTEM

(WTO established a Framework of trade policies/setting the rules of trade policy)

NON-DISCRIMINATION

RECIPROCITY

BINDING & ENFORCEABLE COMMITMENTS

TRANSPARENCY

SAFETY VALUES

The Ministerial Conference is the top decision making body of the World Trade Organisation.

World Trade Organization Ministerial Conference

of 2001

_- Held in Doha

• Key points : “Doha Development Round”
• China : Becomes 143rd member to join._

IMPORTANT MINISTERIAL CONFERENCES

World Trade Organization Ministerial Conference

of 2017

_- Held in Buenos Aires, Argentina.

• Key points : “Important Ministerial Decisions”
• Positive outcome._

IMPORTANT MINISTERIAL CONFERENCES