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    (WTO) International Trade and Agreement (BSBA 3 - 2ND SCHED.)

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    Temoteo Paglinawan
    The WTO is an intergovernmental organization that regulates international trade between nations by organizing trade negotiations and settling disputes. Its goals are to promote free trade and ensure a fair trading system. In contrast, the principle of national treatment in WTO agreements requires that imported and locally-produced goods be treated equally once they enter the market or border of a country. It aims to prevent discrimination between domestic and foreign products, services, and intellectual property. The WTO works to establish global trade rules while national treatment operates at the domestic market level within WTO parameters.

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    (WTO) International Trade and Agreement (BSBA 3 - 2ND SCHED.)

    Uploaded by

    Temoteo Paglinawan
    22 views3 pages
    The WTO is an intergovernmental organization that regulates international trade between nations by organizing trade negotiations and settling disputes. Its goals are to promote free trade and ensure a fair trading system. In contrast, the principle of national treatment in WTO agreements requires that imported and locally-produced goods be treated equally once they enter the market or border of a country. It aims to prevent discrimination between domestic and foreign products, services, and intellectual property. The WTO works to establish global trade rules while national treatment operates at the domestic market level within WTO parameters.

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    (WTO) International Trade and Agreement (BSBA 3- 2ND SCHED.)

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    The WTO is an intergovernmental organization that regulates international trade between nations by organizing trade negotiations and settling disputes. Its goals are to promote free trade and ensure a fair trading system. In contrast, the principle of national treatment in WTO agreements requires that imported and locally-produced goods be treated equally once they enter the market or border of a country. It aims to prevent discrimination between domestic and foreign products, services, and intellectual property. The WTO works to establish global trade rules while national treatment operates at the domestic market level within WTO parameters.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views3 pages

    (WTO) International Trade and Agreement (BSBA 3 - 2ND SCHED.)

    Uploaded by

    Temoteo Paglinawan
    The WTO is an intergovernmental organization that regulates international trade between nations by organizing trade negotiations and settling disputes. Its goals are to promote free trade and ensure a fair trading system. In contrast, the principle of national treatment in WTO agreements requires that imported and locally-produced goods be treated equally once they enter the market or border of a country. It aims to prevent discrimination between domestic and foreign products, services, and intellectual property. The WTO works to establish global trade rules while national treatment operates at the domestic market level within WTO parameters.

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    of 3

    CUE COLUMN NOTE COLUMN

    What is World Trade


    → The World Trade Organization is an intergovernmental organization
    Organization? that is concerned with the regulation of international trade between
    nations.

    → World Trade Organization (WTO) is the only


    international organization dealing with the global rules of trade.
    What is the purpose and
    function of WTO?
    →Its main function is to ensure that trade flows as smoothly,
    predictably and freely as possible.

    → The General Agreement on Tariffs and Trade (GATT), signed on


    Oct. 30, 1947, by 23 countries,
    What is GATT? → Legal agreement minimizing barriers to international trade by
    eliminating or reducing quotas, tariffs, and subsidies while preserving
    significant regulations.

    How is WTO different from → GATT refers to an international multilateral treaty to promote


    GATT? international trade and remove cross-country trade barriers.
    → WTO is a global body, which superseded GATT and deals with the
    rules of international trade between member nations.

    What is Dispute settlement → Dispute settlement system is regarded by the WTO as the central
    in the World Trade pillar of the multilateral trading system, and as the organization's
    Organization? "unique contribution to the stability of the global economy”

    ACTIVITY 2
    Name: ARLENE B. PAGLINAWAN Subject: INTERNATIONAL TRADE AND AGREEMENT

    Course/Year: BSBA 3 (2ND Sched.) Date: September 26, 2020

    → WTO members have agreed to bring their disputes to


    The dispute settlement the WTO rather than take action unilaterally in cases where they
    mechanism of WTO believe that another member is violating WTO rules.
    CUE COLUMN NOTE COLUMN

    What is Uruguay Round  The Uruguay Round was the 8th round of multilateral trade


    Agreement? negotiations (MTN) conducted within the framework of the
    General Agreement on Tariffs and Trade (GATT),

    What is:

    NAFTA  North American Free Trade Agreement


    - It was an agreement signed by Canada, Mexico, and the
    United States that created a trilateral trade bloc in
    North America. 
    EU
     European Union
    - is a political and economic union of 27 member states
    that are located primarily in Europe.

    1. cut living costs and raise living standards


    2. settle disputes and reduce trade tensions
    3. stimulate economic growth and employment
    10 things the WTO can do 4. cut the cost of doing business internationally
    5. encourage good governance
    6. help countries develop
    7. give the weak a stronger voice
    8. support the environment and health
    9. contribute to peace and stability
    10. be effective without hitting the headlines

    SUMMARY

    The WTO is a body designed to promote free trade through organizing trade negotiations and act as an
    independent arbiter in settling trade disputes. The World Trade Organization plays an important role in
    world trade, by implementing the rules and regulations. It aims to help with imports, exports and
    conducting trade fairly. Because of this many developing countries were developed.
    Therefore, Global rules of trade provide assurance and stability.  
    II. Distinguish between WTO and National Treatments

    The World Trade Organization is an intergovernmental organization


    that is concerned with the regulation of international trade between nations.
    It’s a forum for governments to negotiate trade agreements. It’s a place for
    them to settle trade disputes and it operates a system of trade rules. While
    the National treatment is a principle in international law and one of the
    cornerstones of WTO trade law, it is an integral part of many World Trade
    Organization agreements. The National Treatment is a concept of
    international law that declares if a state provides certain rights and
    privileges to its own citizens, it also should provide equivalent rights and
    privileges to foreigners who are currently in the country. National treatment
    is the principle of giving others the same treatment as one’s own nationals
    and was designed to ensure that internal fiscal or administrative regulations
    would not introduce discrimination of a nontariff nature.

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