Understanding The WTO

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What is the WTO?

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business

    Read more: The WTO in Brief

 

Understanding the WTO

Essentially, the WTO is a place where member governments go, to try to sort out the trade problems they face with each other.

    Read more:  Principles of the trading system

10 benefits of the WTO trading system

1. The system helps promote peace
2. Disputes are handled constructively
3. Rules make life easier for all
4. Freer trade cuts the costs of living
5. It provides more choice of products and qualities
6. Trade raises incomes
7. Trade stimulates economic growth
8. The basic principles make life more efficient
9. Governments are shielded from lobbying
10. The system encourages good government

   Read more:  10 benefits of the WTO trading system

WTO AGREEMENT

The General Agreement on Tariffs and Trade 1947 (GATT 1947)

The General Agreement on Tariffs and Trade 1994 (GATT 1994)

Agreement On Implementation Of Article VI Of The GATT 1994.

Agreement On Implementation Of Article VII Of The GATT 1994.

Agreement On Government Procurement

Agreement On Import Licensing Procedures.

Agreement On Technical Barriers To Trade

International Dairy Agreement

Agreement On Safeguards

Agreement On Agriculture

Agreement On Subsidies And Countervailing Measures

International Bovine Meat Agreement.

Viet Nam - WTO

PART I - MOST-FAVOURED-NATION TARIFF

SECTION  I - B  Tariff Quotas

PART II - PREFERENTIAL TARIFF

PART I - MOST-FAVOURED-NATION

SECTION I - Agricultural Products.

SECTION II - Other Products

Attachment B: The Ministerial Declaration on Trade in Information Technology Products

Staging Matrix: The Respective Reductions

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