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International Trade
Essay specific features
Written by:
Jonathan M
Date added:
October 5, 2015
Level:
University
Grade:
A
No of pages / words:
4 / 1092
Was viewed:
4062 times
Rating of current essay:
Essay content:
They have to be ratified in their parliaments.
World Trade Organization (WTO)
- came into being in 1995
- deals with rules of trade between nations
- the agreements are signed by the governments
- It is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War
- It has more than 140 members and the top decision making body meets at least once every two years
The 3 main purposes of WTO:
- trade flow as freely as possible
- means removing obstacles...
displayed 300 characters
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In other words, the rules have to be "transparent" and predictable.
- to serve as a forum for Trade
negotiations
- dispute settlement
Trade relations often involve conflicting interests. Contracts and agreements often need interpreting. The best way to solve these differences is based on an agreed legal foundation...
displayed 300 characters
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