Professional Documents
Culture Documents
The WTO has 153 members, representing more than 95% of total world trade
and 30 observers, most seeking membership. The WTO is governed by a
ministerial conference, meeting every two years; a general council, which
implements the conference's policy decisions and is responsible for day-to-day
administration; and a director-general, who is appointed by the ministerial
conference. The WTO's headquarters is at the Centre William Rappard, Geneva,
Switzerland.
MISSION STATEMENT:
The World Trade Organization — the WTO — is the international organization
whose primary purpose is to open trade for the benefit of all.
IMPACTS OF WTO ON UNDERDEVELOPED
COUNTRIES:
For developing countries, one of the most important recent achievements of
the WTO has been the strengthening of multilateral framework of rules and
agreements and their extension into new areas.
The application of the WTO rules in merchandise sectors such as textiles and
apparel and in agriculture - which are very important in developing country
trade - has been strengthened and improved.
WTO disciplines now also cover sectors such as trade in services and trade
incorporating intellectual property. As developing countries expand their
imports and exports in these sectors, the new rules will help to ensure that
these countries extract the greatest benefit from international trade.
CRITICISM ON WTO:
The WTO Will Not Make Us Safer
The WTO would like you to believe that creating a world of "free trade" will
promote global understanding and peace. On the contrary, the domination of
international trade by rich countries for the benefit of their individual interests
fuels anger and resentment that make us less safe.
Free trade is not working for the majority of the world. During the most recent
period of rapid growth in global trade and investment (1960 to 1998) inequality
worsened both internationally and within countries.
The WTO Hurts Poor, Small Countries in Favor of Rich Powerful Nations