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Exercise 1.

Before reading the text, answer these questions:

a) What can you say about being a member of the World Trade Organization?

b) How many member states are there in the WTO? Does this give advantages to every country?

c) What do you know about the history of this global trade club?

Exercise 2. Read the text to check your answers.

 

PART I

The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

There are a number of ways of looking at the WTO. 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 member governments try to sort out the trade problems they face with each other.

The WTO was born out of negotiations, and everything the WTO does is the result of negotiations. The bulk of the WTO’s current work comes from the 1986–94 negotiations called the Uruguay Round and earlier negotiations under the GATT.

The WTO is run by its member governments. All major decisions are made by the membership as a whole, either by ministers (who usually meet at least once every two years) or by their ambassadors or delegates (who meet regularly in Geneva).

While the WTO is driven by its member states, it could not function without its Secretariat to coordinate the activities. The Secretariat employs over 600 staff and its experts — lawyers, economists, statisticians and communications experts — assist WTO members on a daily basis to ensure, among other things, that negotiations progress smoothly, and that the rules of international trade are correctly applied and enforced.

The WTO agreements cover goods, services and intellectual property. They spell out the principles of liberalization, and the permitted exceptions. They include individual countries’ commitments to lower customs tariffs and other trade barriers, and to open and keep open services markets. They set procedures for settling disputes. These agreements are not static; they are renegotiated from time to time and new agreements can be added to the package.

Exercise 3.Answer the questions.

1) What do you think are the key words to describe this organization?

2) How did it all begin?

3) Who runs the WTO?

4) What are the Secretariat staff employees concerned with?

5) The do the WTO agreements deal with?

Exercise 4. Read the Fact File below to learn more about the WTO. Work in pairs and ask questions to remember the facts.

For example: Where are the headquarters of the WTO located?


Читайте також:

  1. Additional Exercise
  2. C Complete this extract from a company report with appropriate words or phrases from the box in Exercise B.
  3. Do the suggested exercises and check them with the key (written work).
  4. Ex. 2.Use the words from the previous exercise to fill in the gaps below
  5. Exercise
  6. Exercise 1
  7. Exercise 1
  8. Exercise 1
  9. Exercise 1
  10. Exercise 1
  11. Exercise 1
  12. EXERCISE 1




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New WTO thematic course on trade policy analysis begins | FACT FILE

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