1、World Trade Organization (WTO),世界贸易组织,What is the WTO,The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. The organization of
2、ficially commenced on January 1, 1995 , replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.,The functions of the WTO,It oversees the implementation, administration and operation of the covered agreements It provides a forum for negotiations and for settling disputes
3、 the WTO is responsible for strengthening the IMF and WBG,The principles of the WTO,1. Non-Discrimination The rule requires that a WTO member must apply the same conditions on all trade with other WTO members2. Reciprocity It reflects both a desire to limit the scope of free-riding that may arise an
4、d a desire to obtain better access to foreign markets,The principles of the WTO,3. Transparency The WTO members are required to publish their trade regulations，to respond to requests for information by other members, and to notify changes in trade policies to the WTO4. Fair competition Not allowed to take unfair trade practices to compete , such as Dumping and subsidies,The WTO has 153 members,WTO founder members (1 January 1995) WTO subsequent members,On 11 december 2001, China has become a member of the WTO,THANK YOU !,
