EDITED BY Rasih Mert KOZAKÇI Cemal DARICI. ABOUT WTO. Location: Geneva, Switzerland Established: 1 January 1995 Created by: Uruguay Round negotiations (1986–94) Membership: 15 9 countries Budget: 196 million Swiss francs
Rasih Mert KOZAKÇI
The WTO’s work comes from the 1986–94 negotiations called the Uruguay Round and earlier negotiations under the General Agreement on Tariffs and Trade (GATT).
The WTO holdsnew negotiations, under the “Doha Development Agenda” launched in 2001.
The rules mustbe “transparent” and “ predictable ”.
to help exporters and importers, while allowing governments to meet social and environmental objectives.
to promotefreetrade whileminimizing undesirable side-effects.
The rules mustbe “transparent” and “ predictable’’
explain the principles of liberalizationand exceptions.
include commitments to lower trade barriers
set procedures for settling disputes.
prescribe special treatment for LDCs.
requiretransparency in trade policies.
General Agreement on Trade in Services (GATS)
Agreements on TradeRelatedAspects of IntellectualPropertyRights (TRIPS)
Industrial policy is a contentious issue. Opponents have argued that it is unnecessary, due to
While there is room for states to implement industrial policies, we need to consider if these rules allow for strategic sequencing of trade protection.