Role of World Trade Organization

Topics: World Trade Organization, International trade, Doha Development Round Pages: 2 (480 words) Published: April 16, 2013
WORLD TRADE ORGANISATION

The WTO is run by its member governments. All major decisions are made by the membership as a whole, either by ministers (who usually meet at least once every two years) or by their ambassadors or delegates (who meet regularly in Geneva). While the WTO is driven by its member states, it could not function without its Secretariat to coordinate the activities. The Secretariat employs over 600 staff, and its experts — lawyers, economists, statisticians and communications experts — assist WTO members on a daily basis to ensure, among other things, that negotiations progress smoothly, and that the rules of international trade are correctly applied and enforced. Roles:

1. Trade negotiations
2. Implementation and monitoring trade policies
3. Dispute settlement
4. Building trade capacity
5. Outreach
Trade negotiations
The WTO agreements cover goods, services and intellectual property. They spell out the principles of liberalization, and the permitted exceptions. 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 disputes. These agreements are not static; they are renegotiated from time to time and new agreements can be added to the package. Many are now being negotiated under the Doha Development Agenda, launched by WTO trade ministers in Doha, Qatar, in November 2001. Implementation and monitoring

WTO agreements require governments to make their trade policies transparent by notifying the WTO about laws in force and measures adopted. Various WTO councils and committees seek to ensure that these requirements are being followed and that WTO agreements are being properly implemented. All WTO members must undergo periodic scrutiny of their trade policies and practices, each review containing reports by the country concerned and the WTO Secretariat. Dispute settlement

The WTO’s procedure for resolving...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Role of World Trade Organization Essay
  • World Trade Organization Principles Essay
  • wto “World Trade Organization” Essay
  • Essay about World Trade Organization
  • World Trade Organization (Wto) Essay
  • World Trade Organization Essay
  • World Trade Organization and Regional Trade Agreements Essay
  • Role of World Trade Organization (Wto) in Facilitating International Trade Essay

Become a StudyMode Member

Sign Up - It's Free