International Trade

Essay specific features

 

Issue:

Business

 

Written by:

Jonathan M

 

Date added:

October 5, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1092

 

Was viewed:

4057 times

 

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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...
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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...
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