The world trade organization (wto) aims to do which of the following? (select three)
The World Trade Organization (WTO) is made of governments and customs territories that set, apply and enforce the global rules for trade between themselves. Show Both the European Union (EU) and the individual EU countries are members of the WTO. The WTO's main activities are:
The EU's objectivesThe EU's objectives at the WTO are to:
The European Commission has also put forward a first set of ideas to modernise the WTO and to make world trade rules fit for the challenges of the global economy. Without prejudice to the EU's final position, these ideas relate to three key areas:
EU concept paper on WTO reform The EU in WTO institutionsThe WTO's highest decision-making body is the Ministerial Conference. The EU Trade Commissioner represents the EU in this forum. The European Commission also represents the EU in
Permission and responsibilityThe Commission gets permission from the Council of the EU to negotiate on behalf of the European Union. The Commission coordinates the EU negotiating position with the EU Member States by consulting with the Council's trade policy committee. The Commission regularly informs the European Parliament's International Trade Committee (INTA) of WTO issues. When an agreement is negotiated at the WTO, the Commission needs the formal authorisation of the Council and European Parliament to then sign the agreement on behalf of the EU. The Commission initiates and handles WTO complaints with the Council support and may propose retaliatory measures to the Council. The Commission also regularly talks with other interested groups (civil society) on developments related to its WTO policy. More on the EU and the WTO
What are the three purposes of the WTO?The overall objective of the WTO is to help its members use trade as a means to raise living standards, create jobs and improve people's lives. The WTO operates the global system of trade rules and helps developing countries build their trade capacity.
What are the 4 roles of the WTO?THE FOUR ROLES OF THE WTO.. Progressive opening and regulation of markets. The WTO's mission is to open markets gradually while ensuring that rules are respected. ... . The WTO acts as conductor, tribunal, monitor and trainer.. Orchestra conductor.. How do trade negotiations work? ... . Tribunal. ... . Monitor. ... . Trainer.. What are 3 features of the World trade organization quizlet?World Trade Organization (WTO):. Administer WTO Agreements- enforce agreements its member nations have agreed to abide by.. Provide a forum for future trade negotiations.. Provides a forum for settlement of trade disputes (binding process).. |