WORLD TRADE ORGANISATION

KEY TERMS

• Trade
• Trading nations
• Producers
• Trade barriers
• Goods vs services

GENERAL OVERVIEW

• Global Intl Organisation
• Deals with rules of trade between nations
• Member governments sort out trade problems
• Location: Geneva, Switzerland

GENERAL OVERVIEW

• Established: 1st January 1995
• Membership: 160
• Head: Roberto Azevêdo

MAIN OBJECTIVES

• Promote free trade
• Help producers, exporters and importers
• Cut subsidies
• Reduce tariffs
• Give a fair deal to developing countries

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FUNCTIONS

• Forum for trade negotiations
• Administering WTO trade agreements
• Handling trade disputes

FUNCTIONS

• Monitoring national trade policies
• Cooperation with other intl organisations
• Technical assistance for developing countries

PRAISE

• Stimulates economic growth
• Trade raises incomes
• Consumers have more choice
• Good governments

CRITICISM

• Fundamentally undemocratic
• Increasing inequality
• Destroying the environment
• Alternatives to WTO

INTERACTIVE MAP

GRAPHS

VIDEO