WORLD TRADE ORGANISATION

•

WTO MEMBERSOBSERVERSEUROPEAN UNION

• INTRODUCTION

The World Trade Organization (WTO) deals with the global rules of trade between nations. It is an organization that intends to supervise and liberalize international trade.

The organization officially commenced on January 1, 1995 under the Marrakech Agreement replacing the General Agreement on Tariffs and Trade which commenced in 1948.

OBJECTIVES

To set and enforce rules for international trade.

To provide a forum for negotiating and monitoring further trade liberalization.

To resolve trade disputes.

OBJECTIVES

To increase the transparency of decision-making processes.

To cooperate with other major international economic institutions involved in global economic management.

To help developing countries benefit fully from the global trading system

ORGANISATIONAL STUCTURE

FUNCTIONS

To oversee implementing and administering WTO agreements. To provide a forum for

negotiations. To provide a dispute settlement

mechanism.

MULTILATERAL AGREEMENTS ON TRADE IN GOODS

UNDERSTANDING ON RULES AND PROCEDURES

GOVERNING THE SETTLEMENT OF

DISPUTES

GENERAL AGREEMENTS ON

TRADE IN SERVICES

PLURILATERAL TRADE

AGREEMENTS

AGREEMENT ON TRADE RELATED

ASPECTS OF INTELLECTUAL

PROPERTY RIGHTS

TRADE POLICY REVIEW

MECHANISM

• WTO

AGREEMENTS

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INDIA AND WTOBasic Indicators

             Population (thousands, 2011)

1 241 492 Rank in world trade, 2011

Export Import

GDP (million current US$, 2011

1 847 982 Merchandise

19 12

GDP (million current PPP US$, 2011)

4 530 861 Excluding intra EU trade

13 8

Trade per capita (US$, 2009-2011)

641 Commercial services

8 7

Trade to GDP ratio (2009-2011)

48.1 Excluding intra EU trade

5 5