World trade organization
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This document discusses the evolution of international trade organizations from GATT to the WTO. It provides information on the establishment of GATT in 1947 with 15 founding members and its expansion to 23 countries. The WTO was established in 1995 and is located in Geneva, Switzerland, currently having 164 member countries. The functions, objectives, and roles of GATT and WTO in developing countries such as Bangladesh are also outlined, with WTO aimed at promoting free trade, increasing productivity, and providing technical assistance.
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World trade organization
- 1. Slide Title • Make Effective Presentations • Using Awesome Backgrounds • Engage your Audience • Capture Audience Attention 3/20/2017 SHIMANTO DEB 1
- 2. Evolution of the international system of trade. (GATT, WTO). 3/20/2017 SHIMANTO DEB 2
- 3. Topic to be covered……… • Establishment of GATT & WTO • Function of WATT & WTO • Objective of WTO & GATT • Members countries of WTO & GATT • Role of this organization in development countries specially Bangladesh 3/20/2017 SHIMANTO DEB 3
- 4. Shimanto Deb 3/20/2017 SHIMANTO DEB 4
- 5. Establishment of GATT • In 1947, 30th October. • Commenced in 1948 • Foundation member with 15 countries • Expanded member to 23 countries • In lieu of ITO • Subscribed by 115 government • Based on free trade principle 3/20/2017 SHIMANTO DEB 5
- 6. Establishment of WTO • Commenced in 1995 • Started journey in 1st January, 1995 • Located in Geneva, Switzerland. • Budget was 169 million • Under Marrakesh Agreement • Started with 123 countries • Present Members are 164 countries 3/20/2017 SHIMANTO DEB 6
- 7. Members Country of WTO 3/20/2017 SHIMANTO DEB 7
- 8. Members Country of GATT 3/20/2017 SHIMANTO DEB 8
- 9. Function WTO • Maintain trade related database • Watch dog of international trade • Trade negotiation • Implementation and monitoring • Dispute settlement • Building trade capacity • Outreach GATT • Restricted coverage • Protection through tariff • Dispute settlement but not effective • National treatment • Trade negotiations 3/20/2017 SHIMANTO DEB 9
- 10. Objective WTO • Trade without discrimination • Promote free trade • Increase the level of productivity • Special steps to develop the poor country • Expand and utilize the world resources • Promote multilateral trade GATT • Economic Development • Reduce trade barrier • Access to agricultural development • Ensure better living standard • Minimize tariff 3/20/2017 SHIMANTO DEB 10
- 11. Role of this organization in development countries specially Bangladesh WTO • Help in the development in economic sector • Works with hand in hand against poverty • Create Employment • Technical assistant • Training Advisory program 3/20/2017 SHIMANTO DEB 11
- 12. 3/20/2017 SHIMANTO DEB 12