International Trade

To export these goods you have to have an organization which deals with the rules of trade between nations. Such an international organization is the World Trade Organization (WTO). The goal is to help producers of goods and services, exporters, and importers conduct their business.

Result: - is assurance

- Consumers and producers know they can enjoy secure supplies and greater choice of the finished products.

- Producers and exporters know that foreign markets will remain open to them.

Heart of the system are the:

- WTO’s agreements

- The agreements are negotiated and signed by governments. They have to be ratified in their parliaments.

World Trade Organization (WTO)

- came into being in 1995

- deals with rules of trade between nations

- the agreements are signed by the governments

- It is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War

- It has more than 140 members and the top decision making body meets at least once every two years

The 3 main purposes of WTO:

- trade flow as freely as possible

- means removing obstacles.

- also means ensuring that individuals, companies and governments know what the trade rules are around the world, and giving them the confidence