The WTO deals with the rules of trade between nations. The WTO originated in 1948 as the General Agreement on Tariffs and Trade.
briefly explain on SADC customer corporation and protocal and WTO customers valuation and agreement?
By WTO, I take it that you mean World Trade Organization. The WTO replaced GATT (General Agreement on Trade and Tariffs) on the 1st of January 1995.
The General Agreement on Tariffs and Trade was succeeded by the World Trade Organization.
One of the European Union's trade agreements is the WTO and the ASEAN.
The WTO (World Trade Organization)
As of now, the General Agreement on Tariffs and Trade (GATT) has been replaced by the World Trade Organization (WTO), which was established in 1995. The original GATT agreement, which was in effect from 1948, had 128 contracting parties at its peak. Currently, the WTO has 164 member countries, as it incorporates the principles of GATT along with other trade agreements.
164
Japan joined the World Trade Organization (WTO) on January 1, 1995. The WTO was established on that date, succeeding the General Agreement on Tariffs and Trade (GATT) and providing a framework for international trade negotiations and dispute resolution. Japan has been an active member since its inception, participating in various trade agreements and negotiations.
Pakistan is a member of the World Trade Organization, having joined in 1995. The country is also a signee of the General Agreement on Tariffs and Trade.
The key provisions of the WTO TRIPS Agreement include setting minimum standards for intellectual property protection, such as patents, trademarks, and copyrights. These standards aim to promote innovation and protect creators' rights. The agreement impacts intellectual property rights globally by harmonizing laws across countries, ensuring fair competition, and facilitating trade by protecting intellectual property.
The World Trade Organization (WTO) is more effective than the General Agreement on Tariffs and Trade (GATT) due to its comprehensive framework and enhanced enforcement mechanisms. Unlike GATT, which primarily focused on trade in goods, the WTO covers services and intellectual property as well. The WTO also has a more structured dispute resolution process, allowing for faster and binding resolutions to trade disputes. Additionally, the WTO's broader membership and institutional support facilitate more robust global trade negotiations and cooperation.