World Trade Organization
International Organization
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Britain's bank bailout may have broken rules says WTO...in Geneva Published: 8:39PM GMT 21 Nov 2009 Word Trade Organisation head Pascal Lamy Photo: AFP Under World Trade Organisation (WTO) rules, the Government may have been guilty of financial protectionism when it rescued Royal Bank of... In this article: WTO, Royal Bank of Scotland, UK, Doha Round, The Sunday Telegraph, Lloyds, Gordon Brown, and Stipulation |
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Telegraph.co.uk - Business | 2 hours ago
WTO head We don't put halfcooked dishes on the table
WTO head "We don't put halfcooked dishes on the table" WTO head - "We don't put half-cooked dishes on the table" As head of the World Trade Organisation Pascal Lamy has evolved a famously hard-edged style; perhaps just the right one to...
In this article: WTO, Doha Round, Lake Geneva, US, French cuisine, and Inflation
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washingtonpost.com | 2 days ago
WTO authorizes Brazil sanctions over U.S. cotton
...which U.S. products to target and analyses U.S. data on subsidies which will determine the size of retaliation. The formal move at the WTO's dispute settlement body (DSB) brought Brazil one step closer to retaliating against the United...
In this article: Brazil, United States, Fiscal year, Washington, Arbitration award, Doha round, Geneva, and Reuters
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Side talks on services could spur WTO: U.S. nominee
...side talks with key partners on services trade as a way to spur flagging World Trade Organization talks, the Obama administration's nominee for WTO ambassador said. The Doha round of trade talks, which began in 2001, has stalled on...
In this article: United States, Doha round, Doha, China, Islam, and Ron Kirk
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Reuters | 3 days ago
Russia wants quick WTO entry as separate entity
...Putin in June when he said Russia would join only as part of the customs union -- an unprecedented move for the WTO. "We want the WTO talks to go quickly and be concluded soon," Vladimir Chizhov, Russia's ambassador to the EU, told...
In this article: Russia, European Union, Vladimir Putin, Recession, and Moscow
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Much work needed for 2010 Doha deal: WTO's Lamy
GENEVA (Reuters) - World Trade Organization members still have much work to do if they want to achieve their goal of reaching a new deal on opening up global commerce in 2010, WTO Director General Pascal Lamy said on Tuesday. Political...
In this article: Doha, Geneva, Doha round, The World Bank, United States, China, and Reuters
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U.S. officials defend enforcing WTO safeguard vs. China
BEIJING (Reuters) - The safeguard provision that China agreed to as a condition for joining the World Trade Organization in 2001 should be enforced, U.S. trade officials said on Monday, despite Chinese pressure for the U.S. to reduce trade...
In this article: United States, China, Ron Kirk, Beijing, Gary Locke, Barack Obama, Europe, and Reuters
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Description from Wikipedia:
The World Trade Organization (WTO) is an international organization designed by its founders to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakesh Agreement, replacing the General Agreements on Tariffs and Trade (GATT), which commenced in 1947. The World Trade Organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalising trade agreements, and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round (1986-1994). The organization is currently endeavouring to persist with a trade negotiation called the Doha Development Agenda (or Doha Round), which was launched in 2001 to enhance equitable participation of poorer countries which represent a majority of the world's population. However, the negotiation has been dogged by "disagreement between exporters of agricultural bulk commodities and countries with large numbers of subsistence farmers on the precise terms of a 'special safeguard measure' to protect farmers from surges in imports. At this time, the future of the Doha Round is uncertain."
The WTO has 153 members, representing more than 95% of total world trade and 30 observers, most seeking membership. The WTO is governed by a ministerial conference, meeting every two years; a general council, which implements the conference's policy decisions and is responsible for day-to-day administration; and a director-general, who is appointed by the ministerial conference. The WTO's headquarters is at the Centre William Rappard, Geneva, Switzerland.
- Name:
- Organización Mundial del Comercio
- Headquarters:
- Centre William Rappard, Geneva, Switzerland
- Founding Date:
- January 01, 1995
- Head:
- Pascal Lamy
- Members:
- 153 member states
- Language:
- English, French, Spanish
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