WTO Assignment
WTO Assignment
WTO Assignment
Assignment
on
Submitted To:
Dr. Muhammad Shariat Ullah
Professor & Chairman
Submitted By:
Humaira Tahsin
ID-91906006
The day-to-day work of the WTO, however, falls to a number of subsidiary bodies; principally
the General Council, also composed of all WTO members, which is required to report to the
Ministerial Conference. As well as conducting its regular work on behalf of the Ministerial
Conference, the General Council convenes in two particular forms - as the Dispute Settlement
Body, to oversee the dispute settlement procedures and as the Trade Policy Review Body to
conduct regular reviews of the trade policies of individual WTO members.
The General Council delegates responsibility to three other major bodies - namely the Councils
for Trade in Goods, Trade in Services and Trade-Related Aspects of Intellectual Property. The
Council for Goods oversees the implementation and functioning of all the agreements covering
trade in goods, though many such agreements have their own specific overseeing bodies. The
latter two Councils have responsibility for their respective WTO agreements and may establish
their own subsidiary bodies as necessary.
Three other bodies are established by the Ministerial Conference and report to the General
Council. The Committee on Trade and Development is concerned with issues relating to the
developing countries and, especially, to the "least-developed" among them. The Committee on
Balance of Payments is responsible for consultations between WTO members and countries
which take trade-restrictive measures, under Articles XII and XVIII of GATT, in order to cope
with balance-of-payments difficulties. Finally, issues relating to WTO's financing and budget are
dealt with by a Committee on Budget.
Ministerial
Conference
Dispute
General Trade Policy
Settlement
Council Review Body
Body
However, even before the Covid-19 pandemic, all three of the organization’s functions –
providing a negotiation forum to liberalize trade and establish new rules, monitoring trade
policies, and resolving disputes between its 164 members are facing challenges. Moreover, with
trade tensions increasingly politicized and Covid-19 creating huge economic challenges, a
modernized and fully functioning WTO is more essential than ever.
WORK PROGRAMME
Implementation related Issues & Concerns
they attach the utmost importance to the implementation-related issues and concerns raised by
members and are determined to find appropriate solutions to them. In this connection, and having
regard to the General Council Decisions of 3 May and 15 December 2000, we further adopt the
Decision on Implementation-Related Issues and Concerns in document to address a number of
implementation problems faced by members. We agree that negotiations on outstanding
implementation issues shall be an integral part of the Work Program we are establishing and that
agreements reached at an early stage in these negotiations shall be treated in accordance with the
provisions of paragraph 47 below. In this regard, we shall proceed as follows:
(a) where we provide a specific negotiating mandate in this declaration, the relevant
implementation issues shall be addressed under that mandate;
(b) the other outstanding implementation issues shall be addressed as a matter of priority by the
relevant WTO bodies, which shall report to the Trade Negotiations Committee, established under
paragraph 46 below, by the end of 2002 for appropriate action.
Agriculture
We recognize the work already undertaken in the negotiations initiated in early 2000 under
Article 20 of the Agreement on Agriculture, including the large number of negotiating proposals
submitted on behalf of a total of 121 members. We recall the long-term objective referred to in
the Agreement to establish a fair and market-oriented trading system through a program of
fundamental reform encompassing strengthened rules and specific commitments on support and
protection in order to correct and prevent restrictions and distortions in world agricultural
markets. We reconfirm our commitment to this program. Building on the work carried out to
date and without prejudging the outcome of the negotiations we commit ourselves to
comprehensive negotiations aimed at: substantial improvements in market access; reductions of,
with a view to phasing out, all forms of export subsidies; and substantial reductions in trade-
distorting domestic support. We agree that special and differential treatment for developing
countries shall be an integral part of all elements of the negotiations and shall be embodied in the
schedules of concessions and commitments and as appropriate in the rules and disciplines to be
negotiated, so as to be operationally effective and to enable developing countries to effectively
take account of their development needs, including food security and rural development. We take
note of the non-trade concerns reflected in the negotiating proposals submitted by Members and
confirm that non-trade concerns will be taken into account in the negotiations as provided for in
the Agreement on Agriculture.
Modalities for the further commitments including provisions for special and differential
treatment shall be established no later than 31 March 2003. Participants shall submit their
comprehensive draft Schedules based on these modalities no later than the date of the Fifth
Session of the Ministerial Conference. The negotiations including with respect to rules and
disciplines and related legal texts shall be concluded as part and at the date of conclusion of the
negotiating agenda
Service
The negotiations on trade in services shall be conducted with a view to promoting the economic
growth of all trading partners and the development of developing and least-developed countries.
We recognize the work already undertaken in the negotiations, initiated in January 2000 under
Article XIX of the General Agreement on Trade in Services, and the large number of proposals
submitted by members on a wide range of sectors and several horizontal issues, as well as on
movement of natural persons. We reaffirm the Guidelines and Procedures for the Negotiations
adopted by the Council for Trade in Services on 28 March 2001 as the basis for continuing the
negotiations, with a view to achieving the objectives of the General Agreement on Trade in
Services, as stipulated in the Preamble, Article IV and Article XIX of that Agreement.
Participants shall submit initial requests for specific commitments by 30 June 2002 and initial
offers by 31 March 2003.
Conclusion
In future, WTO members will have to strike a balance between moving forward with
negotiations on 21st-century issues and keeping sight of the unresolved ‘old trade issues’ such as
agriculture and development.