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Organisation
Aftermath of world
&
war-II
Oerational
& emergence of
Mechanism -PART-1
GATT in 1948.
1
• WTO set up to oversee URAS & a forum for
further liberalization & dispute settlement
- Single undertaking
- Predicable & secured market access
- Transparent, measurable & binding tariffs
- MFN status
- National Treatment
- Credible dispute settlement system
- Review mechanism of Trade policies
- continuing forum for trade liberalization
- special & differential treatment to
developing &
LDCs
2
• India a founder member, pursuing Trade
liberalization.
3
Organization
• Umbrella Organization to oversee the
implementation of agreements under Uruguay
Round and thereafter.
4
• Located in Geneva & headed by Director
General who is appointed in consultation
with member countries.
5
PART –II
Ministerial Meetings –
Singapore (Dec 1996)
• Instead of focusing on Implementation
problems, developing countries opposed
inclusion of new areas such as labour clause,
trade & investment, trade & competition, trade
facilitation & govt. procurement.
7
3rd Ministerial meeting-
Seattle, USA (1999)
• Demonstrations resulting in law & order
problem & cancellation of inauguration.
8
4th Ministerial Meeting –
Doha, Qatar (2001)
• Agreement of public health and TRIPS was agreed
before the meeting
9
5th Ministerial Meeting –
Cancun, Mexico (2003)
• Unbridgeable differences between developed & developing countries, LDCs on
issues such as agricultural subsidies, NAMA issues, GATs etc.
• Insistence of developed countries to include even truncated Singapore issues
which was not acceptable to developing countries.
• Rise of G-20 & Collapse of Cancun.
Wrap UP. Hongkong hearlded a new phase of global cooperation among developed
and developing countries resulting from July ,2205 framework of DDA which is
more balanced and equitable to all WTO members.