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WORLD TRADE ORGANISATION
Essay specific features
Written by:
Carmen S
Date added:
July 15, 2013
Level:
University
Grade:
A
No of pages / words:
7 / 1787
Was viewed:
8890 times
Rating of current essay:
Essay content:
It deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
First of all I would like to give some facts about the creation and location of WTO.
Location: Geneva, Switzerland
Established: 1 January 1995
Created by: Uruguay Round negotiations (1986–94)
Membership: 134 countries (as of February 1999)
Budget: 122 million Swiss francs for 1999
Secretariat staff: 500
Head: Director-general
Functions:
• Administering WTO trade agreements
• Forum for trade negotiations
• Handling trade disputes
• Monitoring national trade policies
• Technical assistance and training for developing countries
• Cooperation with other international organizations
The World Trade Organization came into being in 1995...
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One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. So while the WTO is still young, the multilateral trading system that was originally set up under GATT is already 50 years old...
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