Presented by: Devika Khare Divya Chotwani Pooja Mistri WTO INTRODUCTION The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
At its heart are the WTO agreements , negotiated and signed by the bulk of the worlds trading nations and ratified in their parliaments.
The goal is to help procedure of goods and services, exporters , and importers conduct their business. GATT INTRODUCTION
GATT system allowed existing domestic legislation to continue even if it violated a GATT agreement.
GATT was less powerful , dispute settlement system was slow and less efficient, its ruling could be easily blocked.
FUNCTIONS
The WTO has the following has five specific function: Provide Frame work Provide forum Understanding on rules and procedure governing the settlement of disputes Trade review mechanism Affiliated agencies
The general council will serve four main function: Revised Agreement and Ministerial Declaration Dispute Settlement Trade review Mechanism To Establish goods council OBJECTIVES
Multilateral Trade System Progressive Rejection Elimination of Discriminatory Raise standard Expand World production Optimum utilization Development of multilateral system Promote World trade Global Free Trade OBJECTIVES
Raising Standard Ensuring Full Employment Fuller Utilization Expansion Agreement Framework of GATT
PRINCIPLES
Non-Discrimination
Prohibition of Quantitative Restrictions
Consultation FDI INTRODUCTION FDI is an investment that a parent company makes in a foreign country. On the contrary, FII is an investment made by an investor in the markets of a foreign nation.
Foreign Direct Investment targets a specific enterprise. The FII increasing capital availability in general. FDI is not permitted in the following industrial sectors: Arms and ammunition. Atomic Energy. Railway Transport. Coal and lignite. Mining of iron, manganese, chrome, gypsum, sulphur, gold, diamonds, copper, zinc.(except single brand product retailing). Lottery Business Gambling and Betting Business of chit fund FII INTRODUCTION
FII can enter the stock market easily and also withdraw from it easily. But FDI cannot enter and exit that easily.
The Foreign Direct Investment is considered to be more stable than Foreign Institutional Investor. Entry Options For FII
A foreign company planning to set up business operations in India has the following options:
Incorporated Entity
Joint Ventures; or
Wholly Owned Subsidiaries
What is FII? FII is nothing but Foreign Institutional Investors. Below entities are called FIIs 1.Pension Funds 2.Mutual Funds 3.Insurance Companies 4.Investment Trusts 5. Banks 6. University Funds 7. Endowments 8 . Foundations 9. Charitable Trusts 10. Asset Management Companies
What basis they are being called as FII? It is based on their
1. Track record 2. Competence 3. Finance Capability 4. Existence in the field 5. Integrity 6. Management WIPO
INTRODUCTION: Stands for World Intellectual Property Organization. One of the 16 specialized agencies of the United Nations. 184 member states, administers 24 international treaties. Headquartered in Geneva, Switzerland. to encourage creative activity, to promote the protection of intellectual property throughout the world. OBJECTIVES:
to assist developing countries in the field of both industrial property and copyright. Use of intellectual property throughout the world. assisting developing countries to deliver efficient IP services. to increase the creation of patentable inventions in developing countries. to improve conditions for the acquisition of foreign patented technology. to increase the competitiveness through better protection of trademarks.
WTO AND INDIA:
one of the founding members of WTO. played an important part in the effective formulation of major trade policies. several countries are now trading with India, boosting production, employment, standard of living and maximizing use of the world resources. helped in representing more than 100 nations in WTO summit.
ROLE OF INDIA IN WTO:
Indias participation ensures more stability and predictability. avails MFN and national treatment for its exports to all WTO members. prompted developed nations to do business with India especially in IT and IT industry. India is expected to snatch most of the business deals like telecom, financial services, infrastructure services such as transport and power.