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  #1  
Old May 9th, 2016, 07:57 PM
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Default MBA Project On WTO

Hello dear I am a MBA student and I have to make a Project on World Trade Organization so require the information pertaining the World Trade Organization can you please provide me the same ??
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Old May 9th, 2016, 08:36 PM
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Default Re: MBA Project On WTO

As you want to know about the World Trade Organization

The World Trade Organization (WTO) is an international organization designed to supervise and liberalize international trade.

The WTO came into being on January 1,1995, and is the successor to the General Agreement on Tariffs and Trade(GATT), which was shaped in 1947, and continued to operate for approximately five decades as ade facto international organization.

The World Trade Organization deals with the rules of trade amid nations at a near-global level; it is responsible for negotiating and implementing new trade agreements, and is in charge of policing associate countries' devotion to all the WTO agreements, signed by the mass of the world's trading nations and ratified in their assembly.

Mission, Functions And Principles

The WTO's stated goal is to get better the welfare of the peoples of its member countries, specifically by lowering trade barriers and providing a stage for cooperation of trade.

Its main mission is "to ensure that trade flows as effortlessly, predictably and liberally as possible".

This main mission is further specified in certain core functions serving and safeguarding five fundamental principles, which are the foundation of the many-sided trading system

Functions:-


Among the various functions of the WTO, these are regarded by analysts as the most important:

It oversees the implementation, administration and operation of the enclosed agreements.

It gives a forum for negotiations and for settling disputes.

Furthermore, it is the WTO's duty to review the national trade policies, and to ensure the consistency and simplicity of trade policies through surveillance in global economic policy-making.

Another priority of the WTO is the assistance of developing, least-developed and low-income countries in transition to adjust to WTOrules and disciplines through technological cooperation and training.

The WTO is also a center of economic research and analysis: regular assessments of the global trade picture in its yearly publications and research reports on precise topics are produced by the organization.

Finally, the WTO cooperates intimately with the two other components of the Bretton Woods system, the IMF and the World Bank.

Principles of The Trading System

Nondiscrimination
Reciprocity
Binding and enforceable commitments
Transparency
Safety valves
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