Economics
- Submitted by: elcin
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- Category: English: Novels
- Date Submitted: 11/27/2013 06:04 PM
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WORLD TRADE ORGANISATION (WTO)
Role- implement and advance global trade agreements and to resolve trade disputes between economies.
• Established in 1995,make sure all future trade agreements uphold the GATT principals
• Resolve trade disputes between members
• General agreements on tariffs and trade (GATT) started the responsibilities for developing trade agreements, under the GATT process regular rounds of trade negotiations were conducted, once agreements were reached it was up to the individual countries who belong to GATT to put those agreements in place.
• Dealing with the rules of trade between nations
• WTO is not just about opening markets, and in some circumstances its rules support maintaining trade barriers — for example, to protect consumers or prevent the spread of disease.
• The purpose of the World Trade Organization is to lower trade barrier and encourage countries to trade with each other , promote fair competitions between countries and promote trade liberalization to accelerate economic growth and economic globalization. In addition, the World Trade Organization also want to reduce poverty in developing nations by international trade.
• They include individual countries’ commitments to lower customs tariffs and other trade barriers, and to open and keep open services markets. They set procedures for settling arguments.
How does WTO work to eliminate protection policies?
==> Settles disputes between countries, a country that believes that it is suffering harm as a result of another country failure to comply with its WTO organization can lodge a complaint with the WTO, the WTO will hear this complaint and then issue a decision, if the country involved does not comply with the WTO directive the other countries may impose high tariffs on goods imported
==> Helping trade to flow smoothly, and providing countries with a constructive and fair outlet for dealing with disputes over trade issues (helping countries keep/create peace)
==> The...
Role- implement and advance global trade agreements and to resolve trade disputes between economies.
• Established in 1995,make sure all future trade agreements uphold the GATT principals
• Resolve trade disputes between members
• General agreements on tariffs and trade (GATT) started the responsibilities for developing trade agreements, under the GATT process regular rounds of trade negotiations were conducted, once agreements were reached it was up to the individual countries who belong to GATT to put those agreements in place.
• Dealing with the rules of trade between nations
• WTO is not just about opening markets, and in some circumstances its rules support maintaining trade barriers — for example, to protect consumers or prevent the spread of disease.
• The purpose of the World Trade Organization is to lower trade barrier and encourage countries to trade with each other , promote fair competitions between countries and promote trade liberalization to accelerate economic growth and economic globalization. In addition, the World Trade Organization also want to reduce poverty in developing nations by international trade.
• They include individual countries’ commitments to lower customs tariffs and other trade barriers, and to open and keep open services markets. They set procedures for settling arguments.
How does WTO work to eliminate protection policies?
==> Settles disputes between countries, a country that believes that it is suffering harm as a result of another country failure to comply with its WTO organization can lodge a complaint with the WTO, the WTO will hear this complaint and then issue a decision, if the country involved does not comply with the WTO directive the other countries may impose high tariffs on goods imported
==> Helping trade to flow smoothly, and providing countries with a constructive and fair outlet for dealing with disputes over trade issues (helping countries keep/create peace)
==> The...