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Principles of World Trade Organisation (WTO) - Know everything about MFN, GATS & NTP for all exams
 
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Views: 24889 Study IQ education
WTO system (Institution, history, and principles)
 
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Discussion of the WTO system, including basic institutional structures and principles.
Views: 31436 Mike Moore
Trade After Hard Brexit: WTO Rules Explained
 
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There has been a lot of talk about World Trade Organisation rules coming into force after Brexit. These are the rules and principles which would guide the UK's trade relationships after leaving the EU. So what will trade be like for the UK after Brexit and how will operating under WTO affect the UK? Brexit Explained Playlist: goo.gl/8VNcEi EU Single Market Explained: https://goo.gl/eRLvoY EU Customs Union Explained: https://goo.gl/UKjjjd EU Free Trade Area Explained: https://goo.gl/ZbukzP What Will Happen to the UK After a No Deal Brexit?: https://goo.gl/abfRmS Hard Brexit Explained: https://goo.gl/FaLjvD
Views: 176031 TLDR News
The World Trade Organization (WTO) Explained in One Minute
 
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More and more people are talking about the World Trade Organization these days due to the many controversies surrounding global trade. The WTO will most likely end up having to play its role as a mediator sooner rather than later, so it would be a good idea to understand what exactly the World Trade Organization is and what this organization does. A lot of people think they know what the WTO is supposed to do but actually don't. And since discussions about the World Trade Organization tend to be heated in our current political climate, misconceptions abound. Let's try to be objective and put the World Trade Organization under the microscope. Please like, comment and subscribe if you've enjoyed this video. If you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics/ https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561 To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
Views: 88455 One Minute Economics
WTO - part 2: structure and main principles
 
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Lection "World trade organisation. Part 2: structure and main principles" Subject "International Economic Organisations" RUDN
World trade Organisation (WTO)
 
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World trade Organisation (WTO) Lecture By: Mr. Madhu Bhatia, Tutorials Point India Private Limited
GATT and WTO - Social Studies
 
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For our social studies class, the history of GATT and WTO
Views: 149574 Julia Marion
World Trade Organization (WTO).wmv
 
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International Organization Project: WTO/GATT
Views: 93386 IntlOrgProject
World Trade Organisation (WTO) - Aims and Roles
 
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World Trade Organisation (WTO) - Aims and Roles. A video covering the World Trade Organisation (WTO) - Aims and Roles Instagram - @econplusdal Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 70302 EconplusDal
Most Favoured Nation (MFN) Principle - WTO | External Sector | Indian Economy | Part - 18
 
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Learn complete concept of Most Favoured Nation (MFN) Principle of WTO for CIVIL SERVICE EXAMINATION in the simplest way. NEO IAS e-learning classes is an online program whose aim is to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.
Views: 19604 NEO IAS
E-Learning short videos - The National Treatment Principle
 
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The WTO E-Learning courses are for government officials from developing Members and Observers. Should you wish to register, please visit the ECampus website: https://ecampus.wto.org/. Disclaimer: The content on this YouTube channel is intended solely for informal exchange of views between course participants and guests on WTO-related matters. Their content does not constitute an authoritative interpretation of the WTO Agreements, nor can it be used to represent any official position of the WTO, governments or any other institution.
Views: 5144 WTO ECAMPUS
All about the World Trade Organisation (WTO) for UPSC CSE/IAS Preparation
 
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You can watch the entire course - "All About The World Trade Organization for UPSC CSE Aspirants" here:- (in English) - https://goo.gl/r4RH21 & (in Hindi) - https://goo.gl/bYfkMn | Download the Unacademy Learning App from the Google Play Store here:- https://goo.gl/gVXsIl | Discuss the course with fellow aspirants here:- https://goo.gl/BQRk85 An extremely comprehensive lesson that gives you all the information you need about the World Trade Organisation (WTO). A must-watch lesson for all aspirants preparing for UPSC CSE 2017. For more lessons/courses on UPSC CSE Preparation, please visit:- https://unacademy.com/upsc-preparation/
Views: 79369 Unacademy
Learn about WTO (World Trade Organisation) | IkenEdu
 
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Find 1500+ education videos available at http://www.youtube.com/user/IkenEdu In this video you will learn all about the WTO which stands for World Trade Organisation. You will learn about its role, objective and contribution to this business world. You will also learn about the achievements and impact of its functions on Indian economy. Watch the full video to understand everything. Share your feedback with us!
Views: 148138 Iken Edu
The World Trade Organization (WTO) • Explained With Maps
 
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The member states of the WTO are responsible for more than 95% of world trade. How does the World Trade Organization work? Transcript and images: http://explainedwithmaps.com/world-trade-organization/
Views: 128467 Explained With Maps
Gains from Trade Unit:  The World Trade Organization (WTO)
 
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Your IB Economics Course Companion! This is video 2 of 2 videos in “The Gains from Trade Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGsMXxBn9sjvZ7jpzyDZpyH As a teacher of IB Economics in Santiago, Chile, these videos were created to help Standard Level students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other economics students around the world. It is important to note that I use Jocelyn Blink and Ian Dorton's "IB Economics Course Companion" as the primary text in class. As a result, many of these videos use this text as source material. I have found it to be an excellent resource for students. Another source you may find helpful is Jason Welker’s site www.econclassroom.com. Welker’s site and course companions are excellent and have served as another source for these videos. Thank you Jocelyn, Ian, and Jason. I hope you find these videos helpful to your study of IB Economics and please let me know if you have any suggestions to improve them. Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/
Views: 6029 Econ Course Companion
From GATT to WTO
 
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Copyright by the World Trade Organization. The WTO encourages the broadest possible dissemination of its information, particularly for educational purposes. Unrestricted official WTO documents and legal texts are free for public use.
Views: 29621 Lynn Rainard
WTO at Fifteen
 
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A portrait of the World Trade Organization after its first fifteen years. Learn the key principles governing the WTO's work, and discover what makes the Organization tick.
WTO | World Trade Organization |History | GATT | Functions| Roles | Hindi | WTO ‌‌study iq |
 
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#rolesofwto #wtohistory. #wtostudyiq Hello Friends This Video will provide you information about WTO-World Trade Organization. Covered Topics: 1. History Of WTO, ITO, Marrakesh Agreement, GATT. 2. Principles of WTO: Reciprocity, MFN, National Treatments. 3. Member Of WTO 4. Objectives and Roles Of WTO 5. Issues of WTO related to INDIA Social Links {follow us On}: Facebook Page: https://fb.me/thecuriousera Twitter: https://twitter.com/thecuriousera PS: Like, Share and Support "The Curious Era" Subscribe Now: https://www.youtube.com/thecuriousera?sub_confirmation=1
Views: 985 The Curious Era
World Trade Organization
 
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This video lays out some of the widely discussed strengths and weaknesses the WTO. For instance, a strength may be that the WTO gives developing nations an incentive to move toward freer trade policies. But, the WTO is often criticized for not doing more to tackle agricultural subsidies and tariffs which serve as major barriers to trade for developing nations. This video also takes a look at whether the WTO actually increases trade, or whether countries are naturally moving toward free trade, as we've seen by the increase in bilateral trade agreements. International Trade course: http://mruniversity.com/courses/international-trade Ask a question about the video: http://mruniversity.com/courses/international-trade/world-trade-organization#QandA Next video: http://mruniversity.com/courses/international-trade/green-revolution
PART 11 | WORLD TRADE ORGANISATION | WTO | NATURE OF WTO |  BUSINESS STUDIES | CBSE | IN HINDI
 
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IN THIS LECTURE WE HAVE DISCUSSED ABOUT " WORLD TRADE ORGANISATION" IN SHORT " WTO". ALSO WE HAVE DISCUSSED ABOUT 'NATURE OF WORLD TRADE ORGANISATION'... IN PART 12 WE HAVE TALKED ABOUT :- 1) BENEFITS OF WORLD TRADE ORGANISATION. 2) LIMITATIONS OF WORLD TRADE ORGANISATION. YOU CAN VISIT PLAYLIST TO WATCH PART 12 AND OTHER VIDEOS.. THANKS FOR WATCHING.
Views: 2791 Kunal Lonhare
WTO World Trade Organization: Introduction and Functions
 
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Introduction to the WTO, the code of conduct of its members and the functions that the WTO serves.
Views: 18799 Nimish Adhia
World Trade Organisation | Meaning | Objective | Role | Attack on W.T.O.
 
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Detail about W.T.O. , Meaning , Role of WTO , Objective of WTO , M.C.Q, related to W.T.O. . Attack on World Trade Organisation ( Twins Tower )
Views: 14072 Smart Education
WTO-Basic Principles, Charter and Regulatory Framework
 
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Subject: Commerce Paper: Corporate legal framework
Views: 429 Vidya-mitra
Core Principles of World Trade Organisation Law - Online short course
 
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Core Principles of World Trade Organisation Law is an online short course tackling the topical issue of world trade in a changing landscape including the UK’s exit from the European Union. Find out more: https://www.abdn.ac.uk/study/online/short-courses/core-principles-of-world-trade-organisation-law.php
Let's Talk WTO
 
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The World Trade Organization is about negotiations and rules for trade among nations. It is managed by the 164 governments that are the WTO's members with the assistance of an independent staff. Roberto Azevêdo, who as Director-General heads that staff, and Vonai Muyambo, External Relations officer, talk about why the WTO was created and how it works. If you want to go deeper on this topic, here are a few reading suggestions and a few additional explanations: • WTO in brief https://www.wto.org/english/thewto_e/whatis_e/inbrief_e/inbr_e.htm • The basics: WTO principles for trade https://www.wto.org/english/thewto_e/whatis_e/what_stand_for_e.htm • The detail: Legal texts containing all trade rules and agreements in place https://www.wto.org/english/docs_e/legal_e/legal_e.htm • History of the multilateral trading system https://www.wto.org/english/thewto_e/history_e/history_e.htm The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified by their parliaments. These rules provide a predictable and transparent framework which makes it easier for producers of goods and services to trade across borders. There are a number of ways of looking at the World Trade Organization. It is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where governments try to sort out the trade problems they face with each other. All major decisions at the WTO are made by the membership as a whole. In other words, the governments run the organization, assisted by an international, impartial staff in Geneva. The same is true for other functions of the WTO. For instance, in dispute settlement a panel of experts is called to decide on a certain question, but their ruling is only valid after being adopted by the membership: https://www.wto.org/english/thewto_e/whatis_e/tif_e/disp1_e.htm Is the WTO all about the bottom line? Trade is one element of public policy, and governments do not think of it in isolation when deciding their trade policy. The very first page of the agreement creating the WTO puts sustainable development, protection of the environment and full employment in the conversation: The Parties to the Agreement, Recognizing that their relations in the field of trade and economic endeavour should be conducted with a view to raising standards of living, ensuring full employment and a large and steadily growing volume of real income and effective demand, and expanding the production of and trade in goods and services, while allowing for the optimal use of the world’s resources in accordance with the objective of sustainable development, seeking both to protect and preserve the environment and to enhance the means for doing so in a manner consistent with their respective needs and concerns at different levels of economic development, … Agree [to establish the World Trade Organization]. Even if the focus of the organization is trade relations, the impact of trade on people around the world is so great that trade policy cannot be conducted in isolation. This consideration of the broader context is evident in all aspects of our work, in the research we conduct with other international organizations and in many dispute settlement rulings. Stay tuned to future episodes of Let's Talk Trade to learn more about these issues. Special thanks to … Our experts in this video: • Roberto Azevêdo, WTO Director-General • Vonai Muyambo, External Relations Officer at the WTO … and to you. This video was produced by the WTO's audio-visual unit for information purposes, and for as wide dissemination as possible. Please share and recommend this video and others in this series!!
General agreement on tariff and trade ( GATT ) | Objective | Principal | Evalution
 
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General agreement on tariff and trade ( GATT ) | Objective | Principal | Evalution | Difference between WTO and GATT |
Views: 8401 Smart Education
What is INTERNATIONAL TRADE LAW? What does INTERNATIONAL TRADE LAW mean?
 
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✪✪✪✪✪ WORK FROM HOME! Looking for WORKERS for simple Internet data entry JOBS. $15-20 per hour. SIGN UP here - http://jobs.theaudiopedia.com ✪✪✪✪✪ ✪✪✪✪✪ The Audiopedia Android application, INSTALL NOW - https://play.google.com/store/apps/details?id=com.wTheAudiopedia_8069473 ✪✪✪✪✪ What is INTERNATIONAL TRADE LAW? What does INTERNATIONAL TRADE LAW mean? INTERNATIONAL TRADE LAW meaning - INTERNATIONAL TRADE LAW definition - INTERNATIONAL TRADE LAW explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. International Trade Law includes the appropriate rules and customs for handling trade between countries. However, it is also used in legal writings as trade between private sectors, which is not right. This branch of law is now an independent field of study as most governments have become part of the world trade, as members of the World Trade Organization (WTO). Since the transaction between private sectors of different countries is an important part of the WTO activities, this latter branch of law is now a very important part of the academic works and is under study in many universities across the world. International trade law should be distinguished from the broader field of international economic law. The latter could be said to encompass not only WTO law, but also law governing the international monetary system and currency regulation, as well as the law of international development. The body of rules for transnational trade in the 21st century derives from medieval commercial laws called the lex mercatoria and lex maritima — respectively, "the law for merchants on land" and "the law for merchants on sea." Modern trade law (extending beyond bilateral treaties) began shortly after the Second World War, with the negotiation of a multilateral treaty to deal with trade in goods: the General Agreement on Tariffs and Trade (GATT). International trade law is based on theories of economic liberalism developed in Europe and later the United States from the 18th century onwards. International Trade Law is an aggregate of legal rules of “international legislation” and new lex mercatoria, regulating relations in international trade. “International legislation” – international treaties and acts of international intergovernmental organizations regulating relations in international trade. lex mercatoria - "the law for merchants on land". Alok Narayan defines "lex mercatoria" as "any law relating to businesses" which was criticised by Professor Julius Stone. and lex maritima - "the law for merchants on sea. Alok in his recent article criticised this definition to be "too narrow" and "merely-creative". Professor Dodd and Professor Malcolm Shaw of Leeds University supported this proposition. In 1995, the World Trade Organization, a formal international organization to regulate trade, was established. It is the most important development in the history of international trade law. The purposes and structure of the organization is governed by the Agreement Establishing The World Trade Organization, also known as the "Marrakesh Agreement". It does not specify the actual rules that govern international trade in specific areas. These are found in separate treaties, annexed to the Marrakesh Agreement. Scope of WTO : (a) provide framework for administration and implementation of agreements; (b) forum for further negotiations; (c) trade policy review mechanism;and (d) promote greater coherence among members economics policies Principles of the WTO: (a) principle of non-discrimination (most-favoured-nation treatment obligation and the national treatment obligation) (b) market access (reduction of tariff and non-tariff barriers to trade) (c) balancing trade liberalisation and other societal interests (d) harmonisation of national regulation (TRIPS agreement, TBT agreement, SPS agreement) The General Agreement on Tariffs and Trade(GATT) has been the backbone of international trade law since 1948 after the charter for international trade had been agreed upon in Havana. It contains rules relating to "unfair" trading practices — dumping and subsidies. Many things impacted GATT like the Uruguay Round and the North American Free Trade Agreement.
Views: 8625 The Audiopedia
GATT, Different rounds of GATT; Origin, Objectives and Functions of WTO
 
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Subject:Economics Paper: International economics
Views: 3058 Vidya-mitra
To the heart of the WTO
 
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http://www.wto.org/ This video explains the WTO through member governments' eyes. It seeks to shed light on how the WTO system works, through the experience and motivations of two very different countries: Brazil, a large developing nation, and Norway, a small but economically advanced state. More information about WTO members: http://www.wto.org/english/thewto_e/whatis_e/tif_e/org1_e.htm More introductory videos and documentaries: http://www.youtube.com/user/WTO#grid/user/5C69ECAC23EED93E
Noam Chomsky- What's the WTO?
 
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Noam Chomsky explains the World Trade Organization.
Views: 80805 TheEthanwashere
Looking back at 20 years of multilateral trade
 
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http://www.wto.org/ 28.01.2015 The WTO came into being on 1st January 1995, following the conclusion of the Uruguay Round of trade negotiations. Its 20th anniversary is the occasion to explore the organization’s main achievements and activities. Speakers (in order of appearance): Peter Sutherland, GATT Director-General 1993-1995 Charlene Barshefsky, United States Trade Representative 1997-2011 Renato Ruggiero, WTO Director-General 1995-1999 Supachai Panitchpakdi, WTO Director-General 2002-2005 Nicholas Niggli, Government Procurement Agreement Chairman 2007-2012 Roberto Azevêdo, WTO Director-General Goranko Fizulic, Croatia’s Minister of Economy 2000-2002 Goh Chok Tong, Singapore’s Prime Minister 1990-2004 Nelson Mandela, South Africa’s President 1994-1999 Mike Moore, WTO Director-General 1999-2002 Robert Zoellick, United States Trade Representative 2001-2005 Franz Fischler, European Union’s Commissioner for Agriculture, Rural Development and Fisheries 1995-2004 John Tsang, Hong Kong’s Commerce, Industry and Technology Secretary 2003-2006 Andrés Velasco, Chile’s Finance Minister 2006-2010 Pascal Lamy, WTO Director-General 2005-2013 Olusegun Aganga, Nigeria’s Trade and Investment Minister Gita Wirjawan, Indonesia’s Trade Minister 2011-2014 Read more at: http://goo.gl/YE4fe9 See also- The WTO at 20 — a message from DG Azevêdo : http://goo.gl/PKRc1T
World Trade Organisation from GATT to WTO
 
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In this video i describe about WTO.
Views: 1301 meghna sharma
Let's Talk Tariffs
 
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Tariffs are a fact of life in international trade. Do you know how they work and what purpose they serve? Tariffs or customs duties are a tax on products purchased from abroad, and they are used by practically all countries. Tariffs are usually designed to collect revenue or to give a price advantage to a domestic product over an imported one. Two of our experts on tariffs and goods trade, Suja Rishikesh Mavroidis and Roy Santana, talk about how this tax works in practice. Learn more about tariffs and how to find them: https://www.wto.org/english/tratop_e/tariffs_e/tariff_data_e.htm In case you were wondering, the tariffs shown in this video are the average of all MFN applied rates around the world for each of those goods. Learn about MFN here: https://youtu.be/lZZxArfeol8. If you want to go deeper on this topic, here are a few additional explanations. The practical side of tariffs Tariffs can take many different forms, but the most popular by far are those expressed as a percentage of the product's value. These are called ad valorem duties and they are calculated using the customs value of the imported goods. However, tariffs can also be expressed as a "specific duty" (for example, a set amount per kilogram or other unit of measure). Countries sometimes also combine both types in compound or mixed duties. All countries structure and disseminate their tariff information based on a national or regional tariff nomenclature. Practically all of this work is based on the "Harmonized System" (HS), an international convention administered by the World Customs Organization. This is why knowing the exact "HS classification" of a product is typically the first step in determining the tariff to be paid. While practically all countries levy tariffs on imports, some of them also levy duties on the exportation of certain products. Tariffs at the WTO The first thing to know about tariffs in the WTO is that they are covered by the Most Favoured Nation treatment obligation: it means that, with some exceptions, a member of the WTO should charge the same tariff on a product for imports from all other WTO trading partners (check Let's Talk Most Favoured Nation to learn more). Beyond the MFN principle , which applies to import and export tariffs, Article II of the GATT 1994 provides that WTO members can set the maximum tariff level they can levy on imports from other WTO members. These "bound duties" become a commitment, or a promise made to all trading partners who are also part of the WTO, and they result from negotiations at the WTO. Bound duties vary considerably across countries, regions and from product to product. Although a WTO member cannot go above this promised level, it has the liberty of applying any level below this commitment. In fact, many of them apply tariff levels that are significantly lower than what they have promised. The duty levels used in practice are known as the MFN applied duties. As an exception, a WTO member may also apply even lower tariffs on products originating in certain countries (preferential duties) under certain conditions. Some of these exceptions include Article XXIV of the GATT 1994, which allows the establishment of regional trade agreements and customs unions, and the Enabling Clause, which allows for special and differential treatment for developing countries and least developed countries. Bound duties are contained in a member's "Schedules of concessions", known informally as a "Goods Schedule". These legal instruments are an integral part of the WTO Agreement, and they are one of the main tools used by the WTO to ensure transparency, security and predictability for world trade. Although practitioners typically refer to "the" Schedule of a member, these concessions and commitments can change over time and, as a result, they are often contained in several legal instruments that, together, set out the member's individual obligations at the WTO. Read more about the Goods Schedules and how they change over time: https://www.wto.org/english/news_e/news17_e/mark_27jul17_e.pdf Special thanks to … Our experts in this video: • Suja Rishikesh Mavroidis, WTO Market Access Director • Roy Santana, Counsellor at the Market Access Division … and to you. This video was produced by the WTO's audio-visual unit for information purposes, and for as wide dissemination as possible. Please share and recommend this video and others in this series from our social networks, or download it from this page (instructions near the playback window). PS: By the time you have watched this, the line Suja and Roy drew on the ground has long disappeared. We used (imported) biodegradable chalk.
World Trade Organization
 
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World Trade Organization (WTO) We have seen about United Nations in our first few lessons on this International Organization series. In this lesson we are going to see about a closely relative organization WTO that controls the inter country trade relationships across the Globe. We are also going to • It was Officially commenced on 1 January 1995 under the Marrakesh Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948 • It is an organization that intends to supervise and liberalize international trade • Its HQ is situated in – Geneva, Switzerland • Its Official languages are – English, French, Spanish Evolution of WTO WTO Structure Ministerial Conference General Council Director General ________________________________________ Important Terms before Understanding Functions of WTO All countries want to protect domestic industries and prevent entry of foreign players. So, they create two types of barriers to International trade viz. • Tariff Barriers → When Govt. puts heavy import duty / custom duty on Foreign Products which protects domestic players from competition from foreign players • Non-Tariff barriers → When Domestic players are given subsidies / preference over the foreign players by Govt. for Ex. • When Govt. is buying some Phones/ Xerox Machines, in the tender it’ll mention that only Domestic companies are allowed. • Making polices in a way that it’s hard for foreign player to start factory / introduce his product in India • Key Functions of WTO • Reduce above stated barriers to international trade – both tariff barriers and non-tariff barriers & Get the members enter into multilateral trade agreements. • There are two Safety Protection Agreements with regards to Tariff & Non-Tariff Barriers Non-food products Technical Barriers to Trade Agreement (TBT) →Based on Quality & Durability Food Products Sanitary and Phytosanitary Measures Agreement (SPS) → Based on Hygiene & Quality WTO Agreements GATT - General Agreement on Trade & Tariffs TBT - Barriers to Trade Agreement SPS - Sanitary and Phytosanitary Measures Agreement TRIMS - Agreement on Trade-Related Investment Measures SCM -Agreement on Subsidies and Countervailing Measures ________________________________________ Agreement on Agriculture, WTO wants to  Reduce import duty  Reduce export subsidies  Reduce Amber box subsides (Domestic subsidies) Amber Box: De Minimus limits  The minimal amounts of Amber box subsides permitted by WTO, even though they distort trade  Calculated on the agriculture production of the given member state in 1986-88  Limits – Developed ( 5%), Developing (10%), Least Developed (Exempted) India’s stand  In 1986: USA agriculture production was far ahead of India. So, their 5% De-Minimus quota will be far bigger than our 10% quota (in absolute figures).  Input costs have skyrocketed in these decades. But, De-Minimus doesn’t consider inflation factor. Bali summit and Peace clause (Indonesia) Trade Facilitation Agreement To cut down the red tape in customs clearance LDC Exports Exporters from Least developing countries, will get Duty free, quota free (DFQF) access to markets in foreign countries Food stockholding Led to Peace clause Peace clause  No member, can drag any developing country to Dispute settlement mechanism of WTO for violation of De-Minimus limits in AoA, Provided that the said developing country -  Is paying subsidies for staple food crops for public stockholding program & food security purpose.  Is providing annual information of its food security Program to WTO. Trade facilitation agreement (TFA)  Member nations to publish a detailed list of procedure for import-export, fees, inspection rules, penalties etc.  Minimize the proof documents and clearance required for customs clearance India refused to sign Trade Facilitation agreement because –  TFA maintains that it doesn’t diminish the rights & obligations of members under other agreements of WTO  For example, under the Agreement on Agriculture (AoA) if a developing country is giving Amber box subsidies beyond 10% of its national agriculture production (base year 1986), then other members will be justified in putting trade sanction or WTO-complaint against the said country. Therefore, Government has decided to use TFA signature as a “Bargaining Chip” for a permanent solution of food subsidies issue. India-US agreed to resolve differences over public stockholding for food security under WTO
Views: 2582 Exambin
WTO (Part 1)-  AOA ,NAMA , MFN, NATIONAL TREATMENT
 
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WTO (Part 1)- Agreement on Agriculture (AOA) ,Non-Agricultural Market Access (NAMA) , Most Favoured Nation (MFN), National Treatment For UPSC and other competitive exams Subscribe to https://www.youtube.com/c/palpalgk
Views: 12099 palpal GK
WTO (Part 3): GATS, TRIMs, TRIPs ; For UPSC and other competitive Exams
 
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WTO (Part 3 ) : General Agreement on Trade in Services (GATS) , Trade-Related Investment Measures (TRIMs), Trade-Related Aspects of Intellectual Property Rights (TRIPS) For UPSC and other competitive exams Subscribe to https://www.youtube.com/c/palpalgk
Views: 32617 palpal GK
What is NATIONAL TREATMENT? What does NATIONAL TREATMENT mean? NATIONAL TREATMENT meaning
 
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What is NATIONAL TREATMENT? What does NATIONAL TREATMENT mean? NATIONAL TREATMENT meaning - NATIONAL TREATMENT definition - NATIONAL TREATMENT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ National treatment is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a state grants a particular right, benefit or privilege to its own citizens, it must also grant those advantages to the citizens of other states while they are in that country. In the context of international agreements, a state must provide equal treatment to those citizens of other states that are participating in the agreement. Imported and locally produced goods should be treated equally — at least after the foreign goods have entered the market. While this is generally viewed as a desirable principle, in custom it conversely means that a state can deprive foreigners of anything of which it deprives its own citizens. An opposing principle calls for an international minimum standard of justice (a sort of basic due process) that would provide a base floor for the protection of rights and of access to judicial process. The conflict between national treatment and minimum standards has mainly played out between industrialized and developing nations, in the context of expropriations. Many developing nations, having the power to take control over the property of their own citizens, wished to exercise it over the property of aliens as well. Though support for national treatment was expressed in several controversial (and legally non-binding) United Nations General Assembly resolutions, the issue of expropriations is almost universally handled through treaties with other states and contracts with private entities, rather than through reliance upon international custom. National treatment only applies once a product, service or item of intellectual property has entered the market. Therefore, charging customs duty on an import is not a violation of national treatment even if locally produced products are not charged an equivalent tax. National treatment is an integral part of many World Trade Organization agreements. Together with the Most-Favoured-Nation principle, national treatment is one of the cornerstones of WTO trade law. It is found in all 3 of the main WTO agreements (GATT, GATS and TRIPS). National treatment is a basic principle of GATT/WTO that prohibits discrimination between imported and domestically produced goods with respect to internal taxation or other government regulation. The principle of national treatment is formulated in Article 3 of the GATT 1947 (and incorporated by reference in GATT 1994); Article 17 of the General Agreement on Trade in Services (GATS); and in Article 3 of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The aim of this trade rule is to prevent internal taxes or other regulations from being used as a substitute for tariff protection. A good summary is found in Japan-Alcohol which states; " national treatment obligation is a general prohibition on the use of internal taxes and other internal regulatory measures so as to afford protection to domestic production".
Views: 860 The Audiopedia
Global Organisations  - The  GATT (General Agreement on Tariff and Trade)
 
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In this module, the learner will understand the role and objectives of GATT as well as its achievements for the world economy. This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India. http://www.mexuseducation.com, http://www.ikenstore.in
Views: 46989 Iken Edu
Rise of the WTO
 
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The World Trade Organization (2007): We chart the history of the World Trade Organization from its formation in 1948 through the Uruguay Round up to the present day. For downloads and more information visit http://journeyman.tv/57707/short-films-archive/the-world-trade-organisation.html Journeyman Pictures - Ref. 3708 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
Views: 63361 Journeyman Pictures
Doha Development Agenda of the World Trade Organisation - Has the WTO failed poor countries ?
 
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Videos PDFs - https://goo.gl/X8UMwF || Join StudyIQ on Telegram - https://goo.gl/xBR3g8 UPSCIQ - A Monthly Magazine for UPSC IAS http://bit.ly/2DH1ZWq We're HIRING, Apply Now - http://bit.ly/2PY1sVK UPSC/CSE 2019 - https://goo.gl/UrCD46 SSC & Bank - https://goo.gl/9LQ4Ai UPSC Optionals - https://goo.gl/rtmXRU State PSCs - https://goo.gl/FDB32q Defence Exams - https://goo.gl/UEmtRz SSC JE Exams - https://goo.gl/2WyU1Z RBI Grade B - https://goo.gl/PY32m6 NABARD Grade A - https://goo.gl/C6CzAL DMRC Exams - https://goo.gl/yDnvyf Insurance Exams - https://goo.gl/iLEFxf CLAT 2019 - https://goo.gl/Burjtj Railway Jobs - https://goo.gl/5KaL7h Teaching Jobs - https://goo.gl/q117TX UPSC Prelim 2019Test Series -https://goo.gl/zkCG51 #StudyIQ #Pendrive_Courses https://goo.gl/aTFK6Q or #Call_9580048004 or Live Chat Support - https://goo.gl/s68PZ1 Free PDFs - https://goo.gl/cJufZc || Free Quiz - https://goo.gl/wCxZsy || Free Video Courses - https://goo.gl/jtMKP9" Follow us on Facebook - https://goo.gl/iAhPDJ Telegram - https://t.me/Studyiqeducation The Hindu Editorial Analysis - https://goo.gl/vmvHjG Current Affairs by Dr Gaurav Garg - https://goo.gl/bqfkXe UPSC/IAS Burning Issues analysis- https://goo.gl/2NG7vP World History for UPSC - https://goo.gl/J7DLXv Indian History - https://goo.gl/kVwB79 Follow us on Facebook - https://goo.gl/iAhPDJ Follow Dr Gaurav Garg on Facebook - https://goo.gl/xqLaQm UPSC/IAS past papers questions - https://goo.gl/F5gyWH SSC CGL + IBPS Quantitative tricks - https://goo.gl/C6d9n8 English Vocabulary - https://goo.gl/G9e04H Reasoning tricks for Bank PO + SSC CGL- https://goo.gl/a68WRN Error spotting / Sentence correction https://goo.gl/6RbdjC Static GK complete- https://goo.gl/kB0uAo Complete GK + Current Affairs for all exams- https://goo.gl/MKEoLy World History - UPSC / IAS - https://goo.gl/kwU9jC Learn English for SSC CGL, Bank PO https://goo.gl/MoL2it Science and Technology for UPSC/IAS - https://goo.gl/Jm4h8j Philosophy for UPSC/IAS - https://goo.gl/FH9p3n Yojana Magazine analysis -https://goo.gl/8oK1gy History for SSC CGL + Railways NTPC - https://goo.gl/7939e
Views: 23601 Study IQ education
E-Learning short videos - Most-favoured nation (MFN)
 
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The WTO E-Learning courses are for government officials from developing Members and Observers. Should you wish to register, please visit the ECampus website: https://ecampus.wto.org/. Disclaimer: The content on this YouTube channel is intended solely for informal exchange of views between course participants and guests on WTO-related matters. Their content does not constitute an authoritative interpretation of the WTO Agreements, nor can it be used to represent any official position of the WTO, governments or any other institution.
Views: 12518 WTO ECAMPUS
History of the multilateral trading system
 
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In 1946, the United States and the United Kingdom invited a large number of countries for a conference in London to discuss trade and employment. From this attempt to create an International Trade Organization (ITO) to the creation of the General Agreement on Tariffs and Trade (GATT) and the birth of the WTO, this video traces, with images, some key moments in the history of the multilateral trading system. Learn more at https://www.wto.org/english/thewto_e/history_e/history_e.htm
The Heat: World Trade Organization faces calls for reform Pt 2
 
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To discuss reform of the World Trade Organization, tonight’s panel includes Keith Rockwell, a spokesman for the WTO; John Gong, a professor of economics at the University of International Business and Economics in Beijing; Uri Dadush, a non-resident scholar at Bruegel and Lester, associate director of the Cato Institute’s Center for Trade Policy Studies.
Views: 678 CGTN America
World Trade Organization
 
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There are many myths about this organization, which is actually not so mysterious after all.. Development Economics course: http://mruniversity.com/courses/development-economics-0 Ask a question about the video: http://mruniversity.com/courses/development-economics/world-trade-organization#QandA Next video: http://mruniversity.com/courses/development-economics/property-rights-1-private-v-collective
Gabrielle Marceau on the Basic Legal Principles of the WTO
 
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To watch the full lecture, please go to http://legal.un.org/avl/ls/Marceau_IEL.html Ms. Gabrielle Marceau, Counsellor, Office of the Director General, World Trade Organization, Associate Professor, Faculty of Law, University of Geneva
International business - GATT & WTO
 
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GATT & WTO (functions, Declaration in ministerial conferences and current news 2017) NET, MCOM, MBA, PGDBA, PGDIBO
Views: 17712 Swati Garg