World Trade Organization

What is WTO ?

Who they are?

What they do ?

Why GATT was replaced by WTO ?

Structure of WTO

Functions of WTO

Negotiating the reduction and elimination of obstacles to trade Administering and monitoring the application of WTOs agreed rules Monitoring and reviewing the trade policies

Settling disputes

Functions of WTO Contd..

Building capacity of developing country Assisting the process of accession

Conducting economic research

Educating the public about the WTO

Developing Countries

WTO agreements

WTO committees
WTO technical co operation

Ministerial Conference

First ministerial Conference at Singapore on December 9-13,1196 Second ministerial conference at Geneva on May1820,1198 Third Ministerial Conference at Seattle on November 30-December 3,1999 Fourth ministerial conference at Doha on November9-13,2001

Ministerial Conference ..Contd.

The Doha Round Fifth ministerial conference at Cancun on September 10-14,2003 Sixth ministerial Conference at Hong Kong on December 13-18,2005

Impact on India

Problems faced by India in WTO and its implementation

Indias commitment to WTO What India should do ?

Criticisms of WTO
WTO is fundamentally undemocratic WTO will not make us safer WTO tramples labour and human rights WTO would privatize essential services WTO is increasing inequality WTO is increasing hunger WTO hurts poor, small countries in favour of rich powerful nations