Page 23 - DMGT547_INTERNATIONAL_MARKETING

International Marketing Ashwani Panesar, Lovely Professional University

Notes Unit 2: World Trade Organization

CONTENTS
Objectives
Introduction

2.1 World Trade Organization
2.1.1 Mission, Functions and Principles
2.1.2 Formal Structure

2.1.3 Dispute Settlement
2.1.4 Ministerial Conferences
2.1.5 Accession and Membership
2.1.6 Agreements
2.2 General Agreement on Tariffs and Trade (GATT)

2.2.1 History
2.2.2 GATT 1947 in the US
2.2.3 GATT 1949

2.2.4 GATT 1951
2.2.5 GATT 1955–1956
2.2.6 GATT “Dillon” 1960–1962
2.2.7 GATT “Kennedy” 1964–1967
2.2.8 GATT 1973–1979

2.2.9 GATT and the World Trade Organization
2.3 Establishment of World Trade Organization
2.4 The Uruguay Round Package: Organization Structure of the WTO

2.5 WTO – The Third Pillar in the Global Business
2.6 Summary
2.7 Keywords
2.8 Review Questions
2.9 Further Readings

Objectives

After studying this unit, you will be able to:
Understand the various instruments of trade policy & political and economic arguments
for government intervention in international trade.

Re-examine the economic case for free trade in the light of the strategic trade policy
argument and re-look at the evolution of the world trading framework.

18 LOVELY PROFESSIONAL UNIVERSITY