A number of international institutions established in the wake of World War II including the General Agreement on Tariffs and Trade (GATT)‚ succeeded in 1995 by the World Trade Organization (WTO)‚ International Monetary Fund (IMF)‚ World Bank have played an important role in promoting free trade in place of protectionism. The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade. According to its preamble‚ its purpose was the substantial reduction
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Globalization is usually referenced to the integration of countries and people around the world. It is the product of many factors‚ including the reduction in barriers to trade‚ improving transportation and communication costs‚ and facilitating the movement of capital‚ knowledge‚ technology‚ culture‚ and people across regional borders. The World Trade Organization (WTO) has become a focal point of globalization‚ largely due to its visible role in reducing barriers to trade in
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debate whether the problems the world faces are better dealt with regionally‚ or globally. It wants you to look at the strengths and weaknesses of global institutions and compare them with the strengths and weaknesses of regional ones. Examples of a regional organization are the European Union‚ NAFTA‚ ASEAN and Mercosur. Examples of global organizations are the United Nations‚ World Trade Organization‚ World Health Organization‚ International Labor Organization and so forth. Me thanks man
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Market access 2. Health and safety The report will first look at what international regulations regarding to health and safety‚ how did the regulations establish and why the regulations are important that big organizations like Fonterra have to follow‚ and how do the regulations affect Fonterra and what adjustments Fonterra had to adjust to cope with the standards. 1. Health and safety One international rule that affect Fonterra regarding to their operation to ensure health and safety standards
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present and future The World Trade Organization came into being in 1995. • 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. • While the WTO is still young‚ the multilateral trading system that was originally set up under GATT is well over 50 years old. How WTO Emerged? • Economic problems of Pre World War – Failure of world monetary system – collapse
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Trinity” – The international monetary fund‚ the world trade organization and the World Bank are called the unholy trinity of the world economy. Firstly‚ why and how these organizations emerged? The International Monetary Fund Starting from 1928 till late 1930’s there was a severe downturn of the economies of the world mainly in North America‚ Europe and other industrialized areas of the world. This is called as ‘The Great Depression’ in the world history. As a result of this‚ the countries started
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Bangladesh Pharmaceutical Industry By Sarker Imran‚ RRU‚ BC‚ Canada | | There are several sectors on which Bangladesh can be proud of and undoubtedly the pharmaceutical sector is one of these sectors‚ rather it is the sector‚ which is the second-largest contributor to the government exchequer. There are about 231 companies in this sector and the approximate total market size is about Taka 76‚500 million per year of which about 97% of the total requirement of medicines is created by the
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What is WTO? The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech Agreement‚ replacing the General Agreement on Tariffs and Trade (GATT)‚ which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements‚ and a dispute resolution process aimed at
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framework of the General Agreement on Tariffs and Trade(GATT)‚ spanning from 1986-1994 and embracing 123 countries as “contracting parties”. This is the largest and the most complex round in history. The Round transformed the GATT into the World Trade Organization. The main objectives of the Uruguay Round were: * To reduce agricultural subsidies * To put restrictions on foreign investment‚ and * To begin the process of opening trade in services like banking and insurance. They also wanted
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the era of bourgeoisie (18th – 19th century) the suffix “er” was substituted by the Latin suffix “ist” and the Greek suffix “ism”. Thus the terms “tourism” and “tourist” were conceived1. There are several branches of “tourism”. Some of them are “health tourism”‚ “adventure tourism”‚ “space tourism” and “meditation tourism”. “Space tourism” is quite a new branch of tourism and it is not widespread as the other types of tourism. For example
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