gatt and rise of who.ppt

7/29/2019 GATT AND RISE OF WHO.PPT

1/12

INTERNATIONAL TRADE

ORGANISATION

After World War II,U.S. developed two innovations:-

THE GATT AND THE ITO

ITO

GATT WTO


2/12

OUTCOME OF FAILURE

OR

THE SUCCESS STORY

GATT ???


3/12

GATT

A Treaty, Not An Organization

An International Agreement to reduce trade

barriers among Member Countries.


4/12

FEATURES

1.)

FOUNDATION

GATTs Foundation was laid on

To Create ITOwhich never came into being


5/12

FOUNDATION AND ROUNDS

ROUNDS

GENEVA(1947) ANNECY

(1949)

TORQUAY(1951)

SWITZERLAND

(1955)DILLONROUND

(1960)

KENNEDY

ROUND

(1964-67)

TOKYO(JAPAN)(1973-79)

URUGUAY

ROUND

(1986-94)


6/12

RULES OF GATT

1.) Protection From Foreign Competition.

2.) Reduction In Restrictions3.) Most Favored Nation

4.) National Treatment Rule

5.) Principles Of Non Discrimination,

Reciprocity, and

Transparency

6.) Tariff And Non Tariff Meaasures

7.) Conciliation Of Disputes8.) Waivers In Exceptional Cases


7/12

PROVISIONS OF GATT

1.) Schedules Of Tariff Concessions

2.) General Elimination Of Quantitative

Restrictions

3.) Exceptions

4.) Settlement Of Disputes


8/12

Broadened Scope Of MTNs(Multilateral TradeNegotiations) By:-

1.) Trade In Services

2.) Trade Related Aspects Of Intellectual Property(TRIPS)

3.) Trade Related Investment Measures(TRIMS)


9/12

9

WHAT CAUSED GATT TO SETTLE

DOWN?1.)Trade In Merchandise Goods Only

2.)Multilateral Instrument

3.)No Institutional Foundation

4.)Provisional Basis

5.)Slow Dispute Settlement System

6.)Temporary Agreement

7.)Negligence Of Some Sectors SuchAs

Agriculture, textile Clothing


10/12

STILL SURVIVED..

1.)Continual Reduction In Tariffs

2.)High Rates Of Trade Growth

3.)After Even Bring DoubtfulAnd Temporary Survived For Half A Century(47 Years)

4.)In Absence Of Creation Of Itotrade Flourished

IT PROVED TO BEA SUCCESS


11/12

GATT

to

WHO

Unlike the GATT, it is a legal entity.

Unlike IMF and World Bank it is not an agent

of the United Nations.

Unlike the IMF and the World Bank there is no weighted

voting, but all the WTO members have equal rights.

Unlike the GATT, the agreements under the WTO are

permanent and binding to the member countries.


12/12

3/14/2013

Unlike the GATT, the WTO dispute settlement system is based on dilatory but

automatic mechanism it is also quicker and binding on the members.

As such the WTO is a powerful body. Unlike the GATT, the WTOs approach is

rule based and time bound.

Unlike the GATT, the WTO has a wider coverage. It covers trade in goods as

well as services.

Unlike the GATT, the WTO has a focus on trade related aspects of intellectual

property rights and several other issues of agreements.

Above all the WTO is huge organizational body with a large secretariat.

gatt and rise of who.ppt

Documents