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WTO

WTO. WTO. WTO. By: Mara, Angelica, and Josh. Albania Angola Antigua and Barbuda Argentina Armenia Australia Austria Bahrain , Kingdom of Bangladesh Barbados Belgium Belize Benin Bolivia , Plurinational State of Botswana Brazil Brunei Darussalam Bulgaria

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WTO

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  1. WTO WTO WTO By: Mara, Angelica, and Josh

  2. AlbaniaAngolaAntigua and BarbudaArgentinaArmenia AustraliaAustria Bahrain, Kingdom ofBangladeshBarbadosBelgiumBelizeBenin Bolivia, Plurinational State ofBotswanaBrazil Brunei Darussalam Bulgaria Burkina FasoBurundiCambodiaCameroonCanada nigerNigeriaNorwayOmanPakistanPanama Papua New GuineaParaguay PeruPhilippinesSloveniaSolomon Islan0dsSouth AfricaSpainSri LankaTunisiaTurkeyUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States of AmericaUruguayVanuatuVenezuela, Bolivarian Republic ofViet NamZambiaZimbabwe Cape VerdeCentral African RepublicChadChileChinaColombiaCongoCosta RicaCôte d'IvoireCroatiaCuba CyprusCzech RepublicDemocratic Republic of the Congo DenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEstonia Poland PortugalQatarRomaniaRussian FederationRwandaSaint Kitts and NevisSaint Lucia SurinameSwazilandSwedenSwitzerlandChinese TaipeiTanzaniaThailand Jamaica JapanJordanKenyaKorea, Republic ofKuwait, the State ofKyrgyz RepublicLatviaLesothoLiechtensteinLithuaniaLuxembourgMacao, ChinaMadagascarMalawiMalaysiaMaldivesMaliMaltaMauritaniaMauritius Mexico Moldova, Republic ofMongoliaMontenegroMoroccoMozambiqueMyanmarNamibiaNepalNetherlandsNew Zealand Nicaragua SurinameSwazilandSwedenSwitzerlandChinese TaipeiTanzaniaThailand European Union (formerly European Communities)FijiFinlandFranceGabonThe GambiaGeorgiaGermanyGhana GreeceGrenadaGuatemalaGuinea Guinea-BissauGuyanaHaitiHonduras Hong Kong, China HungaryIcelandIndiaIndonesiaIreland IsraelItaly Saint Vincent & the Grenadines Samoa Saudi Arabia, Kingdom ofSenegalSierra LeoneSingaporeSlovak RepublicThe former Yugoslav Republic of Macedonia (FYROM)TogoTongaTrinidad and Tobago 157 Members

  3. What is the purpose you ask? To ensure that trade flows as smoothly, predictably and freely as possible. Offer forum for dispute settlement Provide a set of rules Forum for negotiations

  4. Came into existence in 1995 The first rounds dealt with tariff reductions but later included other areas such as anti-dumping and non-tariff measures. The last round — the 1986-94 Uruguay Round — led to the WTO’s creation. Where did it all start? Result of the final round of the General Agreement on Tariffs and Trade (GATT) negotiations

  5. Decisions are made by the entire membership, which is typically by consensus. The WTO’s rules are the result of negotiations between the members. Tell me more… Accounts for about 95% of world trade. The rules include dealing with trade in services, relevant aspects of intellectual property, dispute settlement, and trade policy reviews. Each country receives a guarantee that its exports will be treated fairly in other countries’ markets. Each promises to do the same for imports into its own market.

  6. Canada’s economy depends on access to global markets for manufactured and agricultural goods, and natural resources How is this agreement significant to Canada? Canada also relies on globally-sourced inputs, technology and expertise to improve the productivity and competitiveness of Canadian companies in both domestic and global markets

  7. Provides more choice of products and qualities Promotes peace What are the advantages ? Trade stimulates economic growth Freer trade cuts the costs of living

  8. What are some disadvantages? Fundamentally Undemocratic Environmental Damage Developed countries benefit more than underdeveloped countries Job Loss Adverse Working Conditions Differences among Economists

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