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1. World Trade Organization Jumshud Alakbarov 209402

2. Introduction/History Objectives of WTO Effect of WTO to our country

3. Introduction Headquarters: Geneva, Switzerland. Established: 1 st January 1995. Created by: Uruguay round negotiation. Membership: 159 countries (March 2013) Budget: 197 million swiss francs (March 2013) General Director: Roberto Azevado .

4. Introduction The World Trade Organization (WTO) is the international body dealing with the rules of trade between nations. Its goal is to supervise and expand international trade, monitor national trade policies and provide technical assistance to developing nations.

5. Introduction The WTO is a forum for negotiating and formalizing agreements between nations, as well as resolving disputes. The organization grew form the General Agreement of Tariffs and Trade (GATT), which was established shortly after World War II.

6. Objectives Promote World Trade in a manner that benefits every country; Ensure that developing countries secure a better balance in the sharing of the advantages resulting from expansion of international trade corresponding to their developmental needs; Demolish all hurdles to and open world trading system.

7. Objectives Increase the level of production and productivity with a view to ensuring level of employment in the world; Expand and utilize world resources to the best; Improve the level of living for the global population and speed up economic development for the member nations.

8. Members of WTO

9. Colclusion Through WTO our country may increase our possibilities to become integrated to the world economy, liberalize our foreign trade, as well as prevent the quantitative and technical restrictions, simplify the customs control procedures, to increase transparency, speed up the involvement of progressive techniques and technologies, know-how, patents and other leading innovations to our country, adjust our laws to the internationally recognized standards and to protect our copyrights.

10. Colclusion On the other hand, we pin our hopes on the fact that after the WTO membership the world’s leading banks and insurance companies will invest moneys in the member state economy and finally there will be formed normal financial system, big moneys and long term credits will resolve the capital problems of the non-petroleum sector of the national economy. At the same time, it is to be noted that the WTO doesn’t prohibit the protectionism, allows increasing of tariffs and subsidies, but all these have to be within the framework of norms agreed and approved as a result of negotiations.

11. THANK YOU FOR YOUR ATTENTION