wto wto by: mara, angelica, and josh. 157 members albania angola antigua and barbuda argentina...
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WTO
WTOWTO
By: Mara, Angelica, and Josh
157 Members
Albania Angola
Antigua and Barbuda Argentina Armenia Australia Austria
Bahrain, Kingdom of Bangladesh Barbados Belgium Belize Benin
Bolivia, Plurinational State of Botswana
Brazil Brunei Darussalam
Bulgaria Burkina Faso
Burundi Cambodia Cameroon
Canada niger
Nigeria NorwayOman
Pakistan Panama
Papua New Guinea Paraguay
Peru Philippines
Slovenia Solomon Islan0ds
South Africa Spain
Sri Lanka Tunisia Turkey Uganda Ukraine
United Arab Emirates United Kingdom
United States of America Uruguay Vanuatu
Venezuela, Bolivarian Republic of
Viet Nam Zambia
Zimbabwe
Cape VerdeCentral African
Republic Chad Chile China
Colombia Congo
Costa Rica Côte d'Ivoire
Croatia Cuba
Cyprus Czech
Republic Democratic Republic of the Congo DenmarkDjibouti
Dominica Dominican Republic Ecuador Egypt
El Salvador EstoniaPoland Portugal Qatar
Romania Russian
Federation Rwanda
Saint Kitts and Nevis Saint Lucia Suriname Swaziland Sweden
Switzerland Chinese Taipei
Tanzania Thailand
European Union
(formerly European
Communities) Fiji
Finland France Gabon
The Gambia Georgia Germany
Ghana Greece
Grenada Guatemala
Guinea Guinea-Bissau Guyana
Haiti Honduras Hong Kong,
China Hungary Iceland India
Indonesia Ireland Israel ItalySaint
Vincent & the
Grenadines Samoa Saudi
Arabia, Kingdom of
Senegal Sierra Leone
Singapore Slovak
Republic The former Yugoslav
Republic of Macedonia (FYROM)
Togo Tonga Trinidad
and Tobago
Jamaica Japan Jordan Kenya
Korea, Republic of Kuwait, the State of
Kyrgyz Republic Latvia
Lesotho Liechtenstein
Lithuania Luxembourg Macao, China Madagascar
Malawi Malaysia Maldives
Mali Malta
Mauritania Mauritius
Mexico Moldova, Republic
of Mongolia
Montenegro Morocco
Mozambique Myanmar Namibia Nepal
Netherlands New Zealand
NicaraguaSuriname Swaziland Sweden
Switzerland Chinese Taipei
Tanzania Thailand
What is the purpose you ask?Forum for negotiationsProvide a set of rulesOffer forum for dispute settlementTo ensure that trade flows as
smoothly, predictably and freely as possible.
Where did it all start?
Came into existence in 1995
Result of the final round of the General Agreement on Tariffs
and Trade (GATT) negotiations
The first rounds dealt with tariff reductions but later included other areas such as anti-dumping and non-tariff measures. The last
round — the 1986-94 Uruguay Round — led to
the WTO’s creation.
Tell me more…
The WTO’s rules are the result of
negotiations between the members.
The rules include dealing with trade in services,
relevant aspects of intellectual property,
dispute settlement, and trade policy reviews.
Decisions are made by the entire
membership, which is typically by
consensus.
Accounts for about 95% of world trade.
Each country receives a guarantee that its exports
will be treated fairly in other countries’ markets. Each
promises to do the same for imports into its own market.
How is this agreement significant to Canada?
Canada’s economy depends on access
to global markets for manufactured and agricultural goods,
and natural resources
Canada also relies on globally-sourced inputs, technology and
expertise to improve the productivity and
competitiveness of Canadian companies in both domestic
and global markets
What are the advantages ?
Promotes peace
Freer trade cuts the costs of
living
Provides more choice of
products and qualities
Trade stimulates economic
growth
What are some disadvantages?Fundamentally
Undemocratic
Environmental Damage
Developed countries benefit
more than underdeveloped
countries
Job Loss
Adverse Working Conditions
Differences among Economists
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