Page 157 - DMGT545_INTERNATIONAL_BUSINESS

International Business

notes 1. Council for Trade in Goods: The workings of the General Agreement on Tariffs and Trade
(GATT) which covers international trade in goods, are the responsibility of the Council
for Trade in Goods. It is made up of representatives from all WTO member countries. The
current chairperson is Amb. Yonov Frederick Agah (Nigeria).
2. Council for Trade-related Aspects of Intellectual Property Rights: Information on
intellectual property in the WTO, news and official records of the activities of the TRIPS
Council, and details of the WTO’s work with other international organizations in the
field.
3. Council for Trade in Services: The Council for Trade in Services operates under the
guidance of the General Council and is responsible for overseeing the functioning of the
General Agreement on Trade in Services (GATS). It’s open to all WTO members, and can
create subsidiary bodies as required.

fourth level: subsidiary Bodies

There are subsidiary bodies under each of the three councils.
1. Goods Council: Subsidiary under the Council for Trade in Goods. It has 11 committees
consisting of all member countries, dealing with specific subjects such as agriculture, market
access, subsidies, anti-dumping measures and so on. Committees include the following:
(a) Information Technology Agreement (ITA) Committee
(b) State Trading Enterprises
(c) Textiles Monitoring Body – Consists of a chairman and 10 members acting under it.

(d) Groups dealing with notifications – process by which governments inform the WTO
about new policies and measures in their countries.
2. Services Council: Subsidiary under the Council for Trade in Services which deals with
financial services, domestic regulations and other specific commitments.
3. Dispute Settlement Panels and Appellate Body: Subsidiary under the Dispute Settlement
Body to resolve disputes and the Appellate Body to deal with appeals.
Other Committees
1. Committees on:
(a) Trade and Environment
(b) Trade and Development (Sub-committee on Least-Developed Countries)
(c) Regional Trade Agreements

(d) Balance of Payments Restrictions
(e) Budget, Finance and Administration
2. Working parties on:
(a) Accession

3. Working groups on:
(a) Trade, debt and finance
(b) Trade and technology transfer

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