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World Trade Organization
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Introduction
This paper will introduce you to the World Trade Organization. ... The paper will also touch on the DOHA trade negotiations currently in progress. There will be discussion on a topic in the headlines regarding the World Trade Organization as well.
World Trade Organization
The World Trade Organization is the only international organization that deals with global rules of trade between nations. It’s main function is to ensure that trade flows as smoothly, predictable and freely as possible. The World Trade Organization is headquartered in Geneva, Switzerland and was established January 1st, 1955. ... Reducing barriers to trade amongst the participating countries also reduces other barriers that spring up between people. The World Trade Organization has a budget of 122 million Swiss Francs (Approx. ... Amongst its other functions are; monitoring national trade policies, for example it is currently reviewing China’s progress in improving it’s intellectual property rights protections (Batson, 2002), administering World Trade Organization trade agreements, providing a forum for trade negotiations, handling trade disputes, providing technical assistance and training for developing countries and cooperating with other international organizations (wto. ...
At the heart of the World Trade Organization’s system, the multilateral trading system, are the World Trade organization’s agreements. These are negotiated by the majority of the world’s trading partners and ratified in each countries individual parliament (or congress)(wto. ... Essentially they are contracts that have been set up to provide guidelines agreed to in advance that will keep trade within limits necessary to provide for everybody concerned’s benefit. ...
The WTO is the successor to the General Agreement of Tariffs and Trade (GATT) established in the wake of the Second World War (wto.
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Paper Information
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Title: World Trade Organization
Words: 1339
Rating: None
Pages: 5.4
submitted by: gregg1
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