Professional Documents
Culture Documents
PGDIB - I
World Trade Centre
WTO was created on 1st January, 1995.
It has 151 members as on July, 2007.
WTO has 3 primary objectives:
To promote trade flows by encouraging nations to
adopt non-discriminatory and predictable trade
policies.
To reduce trade barriers through multilateral
negotiation.
To establish imparting procedures for resolving
trade disputes among members.
World Trade Centre
WTO’s trading system principles:
Without discrimination
Free Trade
Predictable
More Competitive
Beneficial for less developed
countries