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A 3 page paper that discusses what the WTO is, its mission, where it came from, rules of disputer settlements, and how many members there are. An example of a dispute settlement case is reported. Bibliography lists 6 sources.
Page Count:
3 pages (~225 words per page)
File: ME12_PG699737.doc
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are trade agreements signed and ratified by the governments of most of the worlds trading partners. These agreements are legal documents that provide the legal rules for global or international
commerce. The goal of the WTO is to facilitate producers of goods and services, importers and exporters to conduct their business (WTO, Who, 2012). In other words, the WTO facilitates
trade across the globe. The WTO is an outgrowth of the negotiations called the Uruguay Round between 1986 and 1994. Earlier negotiations were conducted under the General Agreement on Tariffs
and Trade (GATT). Currently, the WTO is operating under the Doha Development Agenda launched in 2001 (WTO, Who, 2012). The WTO opens trade markets but it also acts to
protect consumers by preventing the spread of diseases (WTO, Who, 2012). An example would be that the fruit from a nation is carrying a disease. The WTO would stop that
trading event. As of August 22, 2012, there are 157 members in the WTO. The latest entrants are Russia and Vanuatu. Member countries run the WTO and all major
decisions are made by the entire membership (WTO, What, 2012). Decisions are made by ministers, ambassadors, or delegates from the member countries who meet at least every other year in
Geneva. The World Trade Organization would not be able to function without the Secretariat which employs more than 600 people including experts such as lawyers, economists, communication experts, and statisticians
(WTO, What, 2012). They help members on a daily basis. This assures that negotiations progress and that the rules are applied and enforced. The WTO assures that trade agreements
are transparent. Member states must notify the WTO if they make any changes in their trade policies (WTO, What, 2012). The WTO periodically reviews the policies of each member
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