1. The World Trade Organization (WTO) is the only
global international organization dealing with
the rules of trade between nations.

2. WHY AND HOW ?
The clarification, strengthening & extension of
GATT rules saw the creation of the World Trade
Organisation (WTO) on January 1st 1995 and held
out the promise of more effective policing &
enforcement of the global trading system.

3. PRINCIPLES OF WTO
1. NON-DISCRIMINATION
2. TRANSPARENCY
3. ENFORCEABLE COMITMENTS
4. SAFETY VALUES

4. SAFETY VALUES
• GOODS & SERVICE MEANT FOR
NONECONOMIC OBJECTIVES
• INDUSTRIES LIKELY TO BE INJURED BY
COMPETITION FROM IMPORTS
• ARTICLES AIMED AT ENSURING FAIR
COMPETITION
• PROVISIONS PERMITTING INTERVENTION IN
TRADE FROM ECONOMIC REASONS.

5. OBJECTIVES
• RAISING STANDARD OF LIVING AND INCOME
• INTRODUCE SUSTAINABLE DEVELOPMENT
• PROMOTE TRADE FLOWS
• ESTABLISH PROCEDURES FOR SOLVING TRADE
DISPUTES

6. FUNCTIONS
• Administering WTO trade
agreements
• Forum for trade negotiations
• Handling trade disputes
• Technical assistance and training
for developing countries
• Cooperation with other
international organizations

8. THREATS
• WTO DICTATES POLICIES
• JOBS ARE DESTORYED AND POVERTY
WORSENED
• SMALL COUNTRIES ARE BECOMING
HELPLESS
• WTO IS UNDEMOCRATIC
• COMMERCIAL INTEREST AFFECTS
ENVIRONMENT

10. OPPORTUNITIES
1. Peace
2. Income
3. Cost of living
4. Choice

11. Continue.....
5. Disputes
6. Growth and jobs
7. Efficiency