World Trade Organization

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Related to Organisation mondiale du commerce: WTO, OMC

World Trade Organization

(WTO), international organization established in 1995 as a result of the final round of the General Agreement on Tariffs and Trade (GATT) negotiations, called the Uruguay Round. The WTO is responsible for monitoring national trading policies, handling trade disputes, and enforcing the GATT agreements, which are designed to reduce tariffs and other barriers to international trade and to eliminate discriminatory treatment in international commerce. In an effort to promote international agreements, WTO negotiations are conducted in closed sessions; many outsiders have strongly criticized such meetings as antidemocratic. Unlike GATT, the WTO is a permanent body but not a specialized agency of the United NationsUnited Nations
(UN), international organization established immediately after World War II. It replaced the League of Nations. In 1945, when the UN was founded, there were 51 members; 193 nations are now members of the organization (see table entitled United Nations Members).
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; it has far greater power to mediate trade disputes between member countries and assess penalties. In the Uruguay Round, agreement was reached to reduce tariffs on manufactured goods by one third. Under the WTO, subsidies and quotas are to be reduced on imported farm products, automobiles, and textiles, which were not covered by GATT; there is also freer trade in banking and other services and greater worldwide protection of intellectual property. Negotiations to eliminate subsidies and protections for agricultural products, however, have proved to be a stumbling block. The Doha Round of talks, launched in 2001, have been deadlocked over such subsidies; the round was originally scheduled to be finished in Jan., 2005. The WTO is headquartered in Geneva and also holds international ministerial conferences; it has 164 members.
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References in periodicals archive ?
Les deux ministres ont convenu de coordonner pour organiser des ateliers communs entre les deux pays afin de faciliter le processus d'adhesion du Soudan a l'Organisation mondiale du commerce.
Summary: Des represailles turques contre les societes francaises apres l'adoption par les deputes francais d'une loi penalisant la negation du genocide armenien seraient "illegales" car contraires aux regles de l'Organisation mondiale du commerce (OMC), a prevenu hier mercredi Paris.
Le processus de negociations entre l'Algerie et l'Organisation mondiale du Commerce (OMC) n'a pas evolue de maniere remarquable, a estime, hier, a Alger, le ministre du Commerce, Bakhti Belaib, en pronant une [beaucoup moins que] vision claire [beaucoup plus grand que] sur les droits que le pays doit revendiquer.
Abd Ulrahman Dirar, ministre d'Etat au Finances et de l'Economie Nationale, dans la declaration presentee au nom du Soudan lors d'une reunion de haut niveau organisee par le Conseil economique et social des Nations Unies, a New York, en collaboration avec la Banque Mondiale, le Fonds Monetaire International, l'Organisation Mondiale du Commerce et l'Organisation des Nations Unies pour le Commerce et le Developpement.
Summary: Le ministre de l'Industrie et du Commerce exterieur, Dr Mahmoud Issa, prend part a la huitieme conference ministerielle de l'Organisation Mondiale du Commerce (OMC) organisee a Geneve en Suisse.
OMC : Reunion prochaine du comite gouvernemental charge de l'accession Interroge sur le processus d'accession de l'Algerie a l'Organisation mondiale du commerce (OMC), le ministre a souligne que le comite gouvernemental charge du suivi et de la supervision de ce dossier se reunira prochainement afin d'examiner et d'adopter les 131 reponses apportees par les differents secteurs aux questions posees par des pays membres de cette organisation mondiale.
Khartoum, 12 fevrier (SUNA)- Le ministre du Commerce, Osman Omar Al-Sharif a appele a la necessite d'accelerer le processus d'adhesion du Soudan a l'Organisation Mondiale du Commerce (OMC) et de faciliter les procedures que le Soudan parmi les pays les plus moins-developpes.

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