the World Trade Organization "WTO"

the World Trade Organization

the World Trade Organization ( WTO )

Is a global organization, the only organization specialized in international trade law. Its headquarters are located in the city of Geneva, Switzerland. The WTO is composed of 160 Member States, as well as 24 observer States and the official language In the organization English, French, Spanish, the WTO was founded in 1995 in one day January, and was created because of the world's economic growth in world trade.

Objectives of the World Trade Organization

The World Trade Organization (WTO) has several objectives :

• The creation of an economic world of peace and prosperity.
• Is based on providing the necessary protection for the international market, to suit different levels of development and living.
• The establishment of an economic world that flourishes in peace and is responsible for making decisions in a typical manner, that is, the consent and consensus of all Member States.
• To achieve the full employment of all resources of the world.
• Creating and creating a competitive position among countries in trade, which depends on economic efficiency.
• The WTO's strategic objectives within the Uruguay Round are:

1. Agreement on trade in services.
2. Multilateral Agreement on Trade in Goods.
3. Convention on Trade-Related Aspects of Intellectual Property Rights Protection through: Trade Policy Review Mechanism, Understanding of Procedures and Rules Governing Dispute Settlement, and the Bilateral Trade Agreement.
4. Agreement on investment procedures that are related to trade.

Tasks and activities 

The World Trade Organization (WTO) is engaged, inter alia, is :

• Its presence as a forum for trade talks.
• Management of trade agreements.
• It reviews national trade policies.
• They settle disputes related to trade.
• Working with international organizations.
• Assist States in all issues facing trade policy.

Structure

The World Trade Organization consists of several committees and structures :

• The Ministerial Conference, which is the head of the Authority within the Organization, consists of the Ministers of Commerce of the Member States of the Organization.
• The Secretariat, which is the Director-General, and the staff members who are independent from their own.
• The General Council, which comprises representatives of the Member States of the Organization, meets once a month.
• The main boards, which consist of the Commodity Trade Council, the Service Rights Council, and the Intellectual Property Rights Council.
• Sub-forces, comprising the Committee on Trade and Environment, the Balance of Payments Constraints Committee, the Trade Committee, the Budget Committee, the Administration and Finance.

See Also :

• Definition of the Bank .