Jobs in World trade organization
The World Trade Organization (WTO) is an organization created on January 1, 1995, with the purpose of replacing the General Agreement on Tariffs and Trade (GATT). It is composed of 153 members and 30 observers.
Its main functions are:
• To supervise the fulfillment of commercial agreements among its members.
• To work as a conciliator, when there are commercial differences among the Members States.
• To guarantee the transparency of global trade policies.
• To cooperate with the World Bank Group (WBG) and the International Monetary Fund (IMF), in order to create economic peace and stability in the world.
• To provide a forum for negotiations and discussion about trade agreements among countries.
• And even, when it is not one of its original functions, the OMC is working as a space where the Members States negotiate Free Trade Agreements.
How does it work?
To take a decision, there must be a common agreement, although in some opportunities, when consensus is not achieved, majority wins. The main decision are taken by the Ministerial Conference, they have meeting every two years in its headquarters in Geneva, Switzerland.
There is also a General Council whose principal functions are to put into action what the Ministerial Conference decided, and to conduct the organization during its everyday actions. At the same time, it receives reports from the Council for Trade in Goods, the Council for Trade-Related Aspects of intellectual Property Rights, the Council for Trade in Services and a number of committees.
Organization website: http://www.wto.org
English code: WTO
Spanish code: OMC
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