What is International Trade?

Сентябрь 9, 2022

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Экономика
What is International Trade?

Содержание

2. What is International Trade? Exchange of capital goods and services across international boundaries or territories. In
3. Why International Trade? Diverse Economic Resources Differences in Productive Resources Difference in cost: Absolute and comparative
4. WTO The World trade organization is an organization that intends to supervise and liberalise international trade.
5. There are total 153 member countries was counted in 2011. Budget 196 million swiss france in
8. History The WTO’s predecessor , the general agreement on traiffs and trade(GATT),was establish after world war
9. Key subjects in WTO Agriculture : The agreement relating to agriculture is made up of several
10. Textiles and Clothing: The objective of this agreement is to secure the integration of the textile
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What is International Trade?
Exchange of capital goods and services across international

boundaries or territories.
In most countries it represents a significant share of GDP.

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Why International Trade?
Diverse Economic Resources
Differences in Productive Resources
Difference in cost: Absolute

and comparative
Important for countries’ well being
Importance for citizen

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WTO
The World trade organization is an organization that intends to supervise

and liberalise international trade.
WTO was created by uruguay round negotiation (1986-1994).
WTO was officially commenced on january 1,1995

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There are total 153 member countries was counted in 2011.
Budget 196

million swiss france in 2011.
Currently there are total 629 staff members are present in WTO.

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History
The WTO’s predecessor , the general agreement on traiffs and trade(GATT),was

establish after world war II in the wake of other multilateral institutions dedicated to International economic corporation.
GATT was the only multilateral instrument governing international trade from 1948 until the WTO was established on january 1 , 1995

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Key subjects in WTO
Agriculture : The agreement relating to agriculture is

made up of several elements , which seek to reform trade in agriculture.
Health and Safety Measures : The agreement on the application of Sanitary and Phytosanitary Measures concerns the application of food safety and animal and plant health regulation.

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Textiles and Clothing: The objective of this agreement is to secure

the integration of the textile and clothing sector.
Trips: The WTO agreements of trade related aspects of intellectual property rights (TRIPs) recognizes that widely varying standards in the protection and enforcement of intellectual property rights and the lack of multilateral disciplines dealing with international trade in counterfeit goods.

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