Subject (Course): World Trade Organisation (WTO). The global
trading system. Syllabus:
- Introduction to the World Trade Organisation (WTO).
- From the General Agreement on Tariffs and Trade (GATT) to the World Trade Organisation (WTO).
- The principles of the international trade system.
- WTO's agreements.
- Standards and Safety.
- Intellectual Property.
- Non-tariff Barriers.
- The General Agreement on Trade in Services (GATS).
- The Agreement on International Trade-Related Aspects of Intellectual Property
- Regional Trade Agreements.
- Doha Agenda.
- World International Trade Report
The objectives of the subject “The World Trade Organisation (WTO)” are the following:
- To understand the aims of the World Trade Organisation (WTO)
- To learn about the importance of the General Agreement on Trade in Services
- To understand the principles of the multilateral trading system
- To analyse World Trade Organisation's agreements (customs duties, agriculture, services, import licensing procedures) and its implications for international trade
- To explore the rules of customs valuation
- To know how to interpret the report on the World Trade of the WTO
- To understand the role of the International Trade Centre (ITC
Sample of the subject - World Trade Organisation (WTO):
Subject Description (World Trade Organisation):
In 1995 was created the World Trade Organisation (WTO) replacing the General Agreement on Tariffs and Trade (GATT) (Created in 1948).
- The World Trade Organisation is the sole global body that regulates the international trade of goods and services between 157 nations.
- The main objective of the World Trade Organisation is to facilitate international trade of products and services between exporters and importers.
- Tariff rates of international trade and open markets engagements are “bound” in the World Trade Organisation.
- The agreements negotiated at the World Trade Organisation by member countries should be ratified in their parliaments.
The World Trade Organisation define the principles of the international trade system:
- Without discrimination: a nation should not differentiate between its trade partners (“most-favoured-nation” or MFN status), and it should not show favouritism between its and foreign products or services (“national treatment”)
- International Trade - More free: barriers to international trade should be reduced or eliminated by negotiation
- International Trade - predictable: all the actors involved in international trade (foreign companies, investors, and governments) should be convinced barriers to international trade (tariffs and non-tariff barriers) should not be elevated capriciously
- International Trade - more competitive: daunting “unfair” practices (export subsidies, dumping)
- International Trade - more profitable for Less Developed Countries.
The General Agreement on International Trade in Services (GATS) is the sole ensemble of regulations ruling International Trade in Services.
The General Agreement on International Trade in Services was negotiated in the Uruguay Round (1986-94) with the objective of regulating the immense growth of the international trade in services.
International Trade in Services stand for the fastest growing sector of the global economy:
- 60% of global production
- 30% of global employment
- 20% of global international trade.
The World Trade Organisation Agreement on International Trade-Related Aspects of Intellectual Property
Rights (TRIPS) was also negotiated in the Uruguay Round, introducing
intellectual property regulations.
❮ Samples - WTO ❯
Member countries of the World Trade Organisation (with dates of membership).
Antigua and Barbuda 1995
Bahrain, the Kingdom of 1995
Brunei Darussalam 1995
Burkina Faso 1995
Cape Verde 2008
Central African Republic 1995
People's Republic of China 2001
Costa Rica 1995
Ivory Coast 1995
Czech Republic 1995
Democratic Republic of the Congo 1997
Dominican Republic 1995
El Salvador 1995
The European Union (formerly European Communities) 1995
Former Yugoslav Republic of Macedonia (FYROM) 2003
The Gambia 1996
Hong Kong, China 1995
Korea, the Republic of 1995
Kyrgyz Republic 1998
Macau, China 1995
Netherlands - For the Kingdom in Europe and for the Netherlands Antilles 1995
New Zealand 1995
Papua New Guinea 1996
The Philippines 1995
Saint Kitts and Nevis 1996
Saint Lucia 1995
Saint Vincent and the Grenadines 1995
Saudi Arabia 2005
Sierra Leone 1995
Slovak Republic 1995
Solomon Islands 1996
South Africa 1995
Sri Lanka 1995
Chinese Taipei (Taiwan) 2002
Trinidad and Tobago 1995
United Arab Emirates 1996
The United Kingdom 1995
The United States of America 1995
Venezuela (Bolivarian Republic of) 1995
Bosnia and Herzegovina
Holy See (Vatican)
Lao People's Democratic Republic
Liberia, the Republic of
Sao Tome and Principe
Website World Trade Organisation.