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After WWII, the US & other nations established the General Agreement on Tariffs & Trade (GATT) in 1947. The GATT was designed to: - Gradually eliminate barriers to trade. - Provide a set of rules & a means for their enforcement. • The clarification, strengthening & extension of GATT rules saw the creation of the World Trade Organisation (WTO) on January 1st 1995 and held out the promise of more effective policing & enforcement of the global trading system. Currently there are four main objectives of the WTO: i. The high level of protectionism in agriculture. ii. The continued high tariff rates on non-agricultural goods & services in many nations. iii. The lack of strong protection for intellectual property rights in many nations. iv. The increase in anti-dumping policies.
What else can I help you with?
When WTO created?
WTOS-FM was created in 197#.
Why was the world trade organizations (wto) created?
why was the world trade organization (wto) created
When was the WTO created to replace GATT?
1995
Comments on wto and its function?
Function for WTO
What is scope of wto?
the WTO has no scope... lol
-With which Trips and trims are related to WTO or IBRD?
wto
Wto is part of IMF UNO GATT?
actually GATT is a part of WTO and WTO is a body under UNO
What is the impact of WTO in India economy?
disadvantages of WTO..?
Developments in WTO?
wto means world trade organization.
What is WTO and its relationship to India?
wto and it's relation in India
What is a flow chart of WTO?
a brife explanation of wto and its funtion
How did the WTO originate?
The WTO deals with the rules of trade between nations. The WTO originated in 1948 as the General Agreement on Tariffs and Trade.
