world trade organization in environmental businesspptx

The World Trade Organization (WTO) is an international organization that regulates and facilitates trade between nations. Its presentation encompasses several key aspects:

1. **Global Platform**: The WTO serves as a global platform for member countries to negotiate trade agreements, resolve disputes, and establish rules governing international trade. It provides a forum for governments to discuss trade policies and address issues affecting global commerce.

2. **Trade Negotiations**: One of the primary functions of the WTO is to facilitate trade negotiations among its member countries. These negotiations aim to reduce barriers to trade, such as tariffs and quotas, and promote fair and open trading practices. Negotiations can cover a wide range of trade-related topics, including agriculture, services, intellectual property, and investment.

3. **Dispute Resolution**: The WTO offers a mechanism for resolving disputes between member countries regarding alleged violations of trade agreements or trade rules. Dispute settlement proceedings involve adjudicating panels and the Appellate Body, which help to ensure that trade disputes are resolved impartially and according to established rules.

4. **Monitoring and Enforcement**: The WTO monitors members' trade policies and practices to ensure compliance with established rules and agreements. It conducts regular reviews of members' trade policies and may take enforcement actions against countries found to be in violation of WTO rules.

5. **Capacity Building and Technical Assistance**: The WTO provides technical assistance and capacity-building support to developing and least-developed countries to help them participate effectively in the global trading system. This assistance aims to strengthen their trade-related infrastructure, build institutional capacity, and enhance their ability to benefit from international trade.

6. **Transparency and Information Sharing**: The WTO promotes transparency in international trade by providing a platform for members to share information on trade policies, regulations, and practices. This transparency helps to foster trust among trading partners and facilitates smoother trade relations.

7. **Dialogue and Cooperation**: The WTO fosters dialogue and cooperation among member countries, as well as with other international organizations, businesses, and civil society groups. This dialogue helps to build consensus on trade issues, promote understanding of different perspectives, and facilitate cooperation on shared challenges.

Overall, the presentation of the World Trade Organization reflects its role as a central institution in the global trading system, working to promote open, predictable, and mutually beneficial trade relations among nations.

1. WTO World Trade Organization Presented by Simran Kaur (23PBA025)

2. CONTENTS Meaning Meaning of Trade, world trade organization 01 Function 02 Structure of World Trade Organization 03 Objective 04

3. What is Trade ? The exchange of goods and services among different countries, states and people is referred as trade Trade is the movement of goods from the location where it manufactured to the markets. It can be occur domestically or internationally and can take various forms.

4. World Trade Organization WTO stands for World Trade Organization . WTO is the only such global international entity that deals with the rules and regulations related to international trade between different countries. Such regulations and obligations only cover countries which hold the membership to the world trade organization. The organization provides a platform that allows member governments to negotiate and resolve trade issue with other members. The WTO main focus is the provide open lines of communication concerning trade among its members. WTO is established is an international organization established in 1995. Headquarter – Geneva, Switzerland Membership – 164 countries(currently)

5. Promote global trade WTO aim is to promote and encourage the smooth and predictable flow of international trade by reducing trade barriers and restrictions. 2. Resolve trade disputes WTO offers a structured mechanism for resolving trade disputes among member countries, helping to prevent and settle trade conflicts. It is solved by multilateral system with predetermined rules and regulations. 3. Creating and enforcing international trade regulations The general Agreement on trade in services(GATS), the trade related aspects of intellectual property right agreement, and the agreement on international trade in goods, all serve as the foundation for WTO. WTO uses a multilateral dispute settlement system to enforce its rules when one of the member countries violates a trade agreement. The methods and decision must be respected and adhered to by the members through signed agreements. Function of world trade organization

6. 4.Collaborations between international economic institutions Collaborations with other international economic institutes such as IMF(international monetary fund), world bank, united nations and other helps to address the multifacted challenges of international trade and the global economy. By working together , these institutions can develop policies and strategies that promote economic growth, development and cooperation while respecting the principles of WTO. 5.Making decision making process more transparent Making the decision making process more transparent in the world trade organization is essential for ensuring fairness, accountability and legitimacy in the global trade system.. It build trust among member countries and ensures that trade polices and agreement reflects the interest of all stakeholders, promoting a more eqitable and effective global trading system. 6.To ensure optimum utilization of world resources. Function of WTO

7. Structure of WTO

8. Ministerial conference It holds the authority to make decision on any aspects of all multilateral agreements made under the WTO. It includes representatives from all members of the WTO. Required to meet at least every 2 years Dispute settlement policy It is responsible for settling trade disputes between member states. General council Has authority to act on behalf of the ministerial conference Meet regularly to carry out functions of WTO Its jobs is to carry out the implementation and monitoring function of the WTO. It is further divided into multiple councils and committees such as: Goods council Intellectual property council Services council Trade policy review body It regular reviews of the policies to ensure they conform to the rules of the WTO. It is the part of monitoring functions of WTO and it helps the WTO to adapt to changing economic landscape. Structure of WTO

9. Objectives of WTO To enlarge productions and trade of goods. To increase the trade services. To ensure optimum utilization of world resources. To protect the environment Improve the standard living of people in the member countries.