What is the function and goal of the World

Trade Organization (WTO) ?

The functions of the WTO :

1. To ensure that trade flows as smoothly, predictably and freely as
possible.
2. Try to sort out the trade problems they face with each other.
3. Helped to liberalize trade.
4. Maintaning trade barriers for example to protect consumers or
prevent the spread of disease.

The goal of the WTO :

1. To help producers of goods and services, exporters and importers
conduct their business.
2. To improve the welfare of the peoples of the member countries.
Review “The WTO in Brief.” What happens
when there are trade disputes ?

1. When there are trade disputes, the WTO system helps resolve these
disputes peacefully and constructively.
2. The WTO has a purpose in the disputes setllement process by doing
the WTO agreement.
Based on the summary, how would you compare the
status of world trade in 2001, to that of the year 2000 ?
What factors contributed to the slowed growth ?

The year 2000 was outstanding for global output and trade growth by the
last quarter of 2000, it was evident that a marked deceleration in output
and trade growth was likely in 2001. but the extent to which the slowdown
in production, investment and trade. A marked deceleration in 2001 was
widely anticipated for the information technology sector, warnings sign has
appeared even earlier in the year with :
1. The sharp declines in share prices on the major stock exchanges, but it was
only in the first half of 2001 that the full impact investment and production in
this sector because fully apparent.
2. Adjustment to higher energy prices and the effect of higher monetary policies
in the industrial countries for most of 2000.
3. Slowing of the united states economy in 2001.
4. Japan’s economy recession.
5. East asian economics with a large share of information technology products
in their export had been very sharp decline in global demand.
6. Inflation in all major regions at low levels, the apreciation of the United States
dollars.
Based on the summary, what contribution did the developing
countries make to world output and trade in 2000. to what
can this vigorous expansion be attributed ?

1. the share of the developing countries in world merchandise exports

has risen steadily.
2. Increase in oil prices.
3. World export of manufactures.
4. Exports of office and telecom equipment.
5. Agricultural products.
6. Mining products.
How might this site be helpful for a company
that is going to market a product overseas, such
as a canned consumer good ?

They usually represent research in progress. They reflect the

opinions of individual staff members, and are the product of
professional research. Such research may be conducted in the
preparation of Secretariat reports, studies or informational material
for members.
Trade statistics, WTO commitments, disputes, trade policy, reviews
and notifications for 151 members
In general, what is the purpose of the WTO
trade agreement ?

To help producers of goods and services, exporters and

importers conduct their business.
Regional Trade Agreements (RTAs) have become in
recent tears a very prominent feature of the Multilateral
Trading System (MTS), account RTAs which are in force
but have not been notified, those signed but not yet in force, those
currently being negotiated, and those in the proposal stage. Of
these RTAs, free trade agreements (FTAs) and partial scope
agreements account for over 90%, while customs unions account
for less than 10 %.
List and Explain the top 3 benefit of the World
Trade Organization

Peace is partly an outcome of the two of the most fundamental principles

of the trading system: helping trade to flow smoothly, and providing
countries with a constructive and fair outlet for dealing with disputes over
trade issues. Outcome of the international confidence and cooperation that
the system creates and reinforces.
Disputes. As trade expands in volume, in the number of products traded,
and in the numbers of countries and companies trading, there is a greater
chance that disputes will arise. The WTO system helps resolve these
disputes peacefully and constructively.
Rules. The principle of non-discrimination built into the WTO agreement
avoids that complexity. The fact that there is a single set of rules applying
to all members greatly simplifies the entire regime. And these agreed rules
give governments a clearer view of which trade policies are acceptable.