World+Trade+Organization

 The World Trade Organization  ==== The WTO is an international organization that creates rules to control trade between nations and helps to settle disputes emerging from negotiations done to exchange goods and services by different countries. ====

[[image:gatt.png align="left"]]
==== The WTO was created in 1995 after GATT (General Agreement on Tariffs and Trade) was launch. It is focused in some principles that can support the system, these are: transparency, reciprocity, non discrimination and special and differential treatment. Here the principal objective is to facilitate trade in all its aspects –policies, rules, regulation, treatment, transportation, etc- that directly affect status life. ====

==== The progressive WTO evolution goes hand in hand with the several rounds it have had, in which are distinguished aims. GATT trade Rounds were the first and they make reference to a decrease of trade barriers such as tariffs. ====

==== The second one was Kennedy Round that took place around 60’s and in it had discussed a GATT Anti-Dumping Agreement to avoid harm countries affected by dumping and also it had thought how they as an organization can help to promote growth in global development. ====

====In 70’s, Tokyo Round recued aspects from GATT Rounds. This new round tried to eliminate all trade barriers except tariffs and fix some WTO system details to turn it in a better organization. Finally, the last is Uruguay Round extended since 1986 to 1994 and it implies the biggest change to WTO. ====

==== In many ways, WTO is can help improve trade relationships, encourage development, reduce some inequalities, allow trade to flow smoothly bringing peace with it, increase -at the same time- employment and buying opportunity because there will be more options in the market (several brands). ====

====WTO has negative things too. For example, some people think WTO is not democratic because it allows big corporations participate leaving other smaller out. Another disadvantage could be some WTO rules are considered as trade barriers to some nations. ====

====In general lines, people against WTO believe it benefits biggest and developed countries while others weaker are force to maintain under its regimes, so they will be injured. Despite this opinion, is indubitable that this organization has provided changes in world trade. ====



= LINE OF TIME =

media type="custom" key="10019529"