The wto
This presentation is the property of its rightful owner.
Sponsored Links
1 / 7

The WTO PowerPoint PPT Presentation


  • 57 Views
  • Uploaded on
  • Presentation posted in: General

The WTO. LO: Describe the objectives and functions of the WTO. The World Trade Organisation. is a an international organisation committed to the a goal of free trade. WTO has successfully reduced the average tariff among member countries from about 40% after WWII to about 5% today .

Download Presentation

The WTO

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


The wto

The WTO

LO:

Describe the objectives and functions of the WTO.


The world trade organisation

The World Trade Organisation

is a an international organisation committed to the a goal of free trade.

WTO has successfully reduced the average tariff among member countries from about 40% after WWII to about 5% today.

With over 160 member states, over 80% are from LDCs.

All members must submit to resolutions that are passed (always unanimously) on a one-country per vote basis.

Any disputes are mediated by the WTO.


Globalisation on the other hand

Globalisation, on the other hand…

is the ongoing integration of national economies into global rather than national markets. It an outcome of growing international trade. Key questions arise:

How much power does this give MNCs?

Does this disadvantage LDCs?

Which countries will dominate?

Why do some fiercely oppose globalisation?


Multinational corporations mncs

Multinational Corporations (MNCs)

  • These companies operate or produce in more than one country.

  • Creating global factories, where production takes place in a number of countries, taking advantage of the cost of differences in those countries. (Integrated International Production)

  • Foreign Direct Investment (FDI)- The long term overseas investment by MNCs.


Why the doha round matters

WHY THE DOHA ROUND MATTERS

* The last completed round of trade negotiations was dubbed the Uruguay round. It was completed in 1994.* By 2003 its reforms to agriculture trade were estimated to have added more than $9 billion to New Zealand's economy and created 17,600 extra jobs.”

* The latest round of trade talks was initiated in November 2001 by the World Trade Organisation in Doha.* The aim of the round was to reduce poverty by making international trade fairer.* Reducing the use of tariffs and subsidies for agriculture will benefit New Zealand exporters.


Doha development round

Doha ‘Development’ Round:

Its goal was to favourLDCs ability to develop and prosper from global trade. Many of them have factor endowments in agriculture.

Specifically aimed at reducing protectionism in agriculture, especially in EU and USA (where over $1 Trillion subsidies are provided each year).

These powerful countries demanded “compensation” by means of expanded exports into LDCs – equivalent to their loss of agricultural production.

Talks finally failed in 2008


  • Login