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School of Agribusiness Management: Group Presentation

GATT was established in 1947 with the goal of reducing trade barriers like tariffs and quotas. It held several rounds of negotiations over 47 years. In 1995, the WTO was created to oversee international trade, building on GATT's efforts but expanding into new areas like services, intellectual property, and dispute resolution. The WTO now has 153 member countries and seeks to further liberalize and regulate global trade.

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74 views16 pages

School of Agribusiness Management: Group Presentation

GATT was established in 1947 with the goal of reducing trade barriers like tariffs and quotas. It held several rounds of negotiations over 47 years. In 1995, the WTO was created to oversee international trade, building on GATT's efforts but expanding into new areas like services, intellectual property, and dispute resolution. The WTO now has 153 member countries and seeks to further liberalize and regulate global trade.

Uploaded by

nngarg_sharma424
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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School Of Agribusiness Management

GROUP PRESENTATION

TOPIC

GATT & WTO


Presented By : Mohit Sharma & Navneet Sharma MBA(ABM)

CONTENTS :
GATT HISTORY OBJECTIVES BASIC PRINCIPLE ROUNDS INVOLVED WTO INTRODUCTION WTO v/s GATT STRUCTURE OF WTO FUNCTIONS CONCLUSION

General Agreement on Tariffs and Trade

HISTORY :
The Bretton Woods Conference introduced the idea for an organization to regulate trade as part of a larger plan for economic recovery after World War II. It recommended the setting up of 3 important institutes IMF World Bank ITO. The General Agreement on Tariffs and Trade (GATT) was first signed in 1947.

OBJECTIVES
The GATT's main objective was the

Reduction of Barriers to International Trade

o This was achieved through the Reduction of


Tariff barriers Quantitative Restrictions Subsidies on trade through a series of agreements

BASIC PRINCIPLE

MFN (Most Favoured Nations)

ROUNDS
NAME
1.GENEVA

START

DURATION COUNTRIES
7 MONTHS

SUB. COVERED

APRIL
1947

23

TARIFFS

2. ANNECY

APRIL 1949

5 MONTHS

13

TARIFFS

ROUNDS CONTD . . . .
NAME
3. TORQUAY

START
SEPT. 1950

DURATION
8 MONTHS

COUNTRIE S 38

SUB. COVERED TARIFFS

4. GENEVA II

JAN. 1956

5 MONTHS

26

TARIFFS, ADMISSION OF JAPAN

5. DILLON

SEPT. 1960

11 MONTHS

26

TARIFFS

ROUNDS CONTD. . . .
NAME
6. KENNEDY

START
MAY 1964

DURATION
37 MONTHS

COUNTRIES 62

SUB. COVERED
TARIFFS & ANTIDUMPING

7. TOKYO

SEPT. 1973

74 MONTHS

102

TARIFF, NON TARIFF MEASURES, FRAMEWORK AGREEMENTS

8. URUGUAY

SEPT. 1986

87 MONTHS

123

TARIFFS,NON TARIFFS,RULES, SERVICES,IP,DISPUTE SETTLEMENT,TEXTILES, AGRI.

WTO
The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 In 2001 there was 9th round named as Doha (Doha Development Agenda), & 141 countries were participated. The WTO has about 153 members now.

STRUTURE
GENERAL COUNCIL Council for trade & goods Council for trade & services Council for TRIPS

FUNCTIONS
Implementing the multilateral trade agreement Act as a forum for multilateral trade agreement Seeking to resolve trade policy Overseeing national trade policy Cooperate with other international institutions, those involve global economic policies.

CONCLUSION
WTO arrangements are generally a multilateral agreement settlement mechanism of GATT
WTO is mainly controlled by the larger nations. if small and poor countries do not participate, growth of trade may exclude them. Although WTO protects small and weak countries from abuse by larger, more powerful ones .

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