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World Trade Organization
(World Trade Organization)
The World Trade Organization
(WTO)
Is an independent of
The United Nations
permanence
International organization
. The WTO headquarters is located
Switzerland
Geneva
incumbent
General council
The chairman is...
Ngozi Okonjo-Iweala
The ambassador.
[1]
The WTO's function is to mediate disputes, and accession to the WTO does not constitute a multilateral agreement
Trade agreement
. It is the organizational and legal basis of the trading system, or many
Trade agreement
It is the regulator of the trade legislation of the member States, and provides a forum for dispute resolution and negotiation on trade.
The organization is the most important of our time
International economic organization
One among its members
Volume of trade
Accounts for the vast majority of the world, hence the name"
Economic United Nations
".
The organization was established on 30 October 1947
General Agreement on Tariffs and Trade
[2]
; On January 1, 1995, the World Trade Organization (WTO) came into operation. On January 1, 1996, the World Trade Organization officially replaced it
General Agreement on Tariffs and Trade
Temporary institutions; On December 11, 2001,
China
Formally joined the World Trade Organization; Wto General Council, 30 August 2003
Unanimous approval
About the implementation of patented drugs
Compulsory licensing system
The final document.
- Chinese name
- World Trade Organization
- Foreign name
-
World Trade Organization
WTO - Abbreviated form
- World Trade Organization
- dominance
- International organization
- Number of members
- 166 members, 23 observers [23] [28]
- Establishment time
- January 1, 1995
- Headquarters location
- Switzerland Geneva
- Official language
- English, French, Spanish
catalogue
- 1Course history
- 2Organizational structure
- ▪Organizational purpose
- ▪Organizational goal
- ▪Basic principle
- ▪Main function
- 3Mechanism setup
- ▪Conference mechanism
- ▪Permanent establishment
- 4Organization member
- ▪Member
- ▪Observer
In July 1944, in
The Bretton Woods Conference
He proposed the idea of establishing the World Trade Organization.
In February 1946,
United Nations Economic and Social Council
The first meeting was held, and the meeting was called
The United Nations
Conference on Trade and Employment, drafting the Charter of the International Trade Organization, making a worldwide reduction
tariff
The negotiations. Subsequently, ECOSOC established a preparatory committee.
In 1947, the United Nations Conference on Trade and Employment signed the"
Havana Charter
He agreed to the creation of the World Trade Organization, which could not be established due to the opposition of the United States. In the same year, the United States initiated a draft
General Agreement on Tariffs and Trade
, as implementation
Trade liberalization
A temporary contract.
From 1947 to 1993, GATT hosted eight rounds of multilateral tariff and trade negotiations, with the eighth round held from 1986 to December 15, 1993
Geneva
Hold, called"
Uruguay Round
". The fifth round is called"
Dillon round
The sixth round is called"
Kennedy round
The seventh round is called"
Tokyo round
".
In 1990,
European Economic Community
and
Canada
Respectively formally introduced the proposal for the establishment of the World Trade Organization.
On April 15, 1994, in
Morocco
the
Marrakech
City held by GATT
Uruguay Round
Council of ministers
Decided to create a more global World Trade Organization instead
General Agreement on Tariffs and Trade
.
[2]
On January 1, 1995, the World Trade Organization (WTO) was established.
On January 1, 1996, the World Trade Organization officially replaced the GATT Provisional Institutions,
Kazakhstan
Make an application to join the WTO.
On August 30, 2003,
General Council of the World Trade Organization
Unanimous approval
About the implementation of patented drugs
Compulsory licensing system
The final document.
World Trade Organization, 7 November 2006
General council
in
Geneva
Call a special meeting and accept
Vietnam
Become a member of the organization.
October 26, 2012, in Switzerland
Geneva
convened
General council
It was officially approved at the meeting
Laos
Become a member of it; On December 10 of the same year, the General Council of the World Trade Organization was held in Geneva, Switzerland
Informal meeting
Top pass
Tajikistan
Accession package to the World Trade Organization, approving Tajikistan's membership.
[3]
On 2 March 2013, Tajikistan became a member of the World Trade Organization. On December 7 of the same year, the ninth Ministerial Conference of the World Trade Organization was held in Indonesia
Bali
The curtain came down and published the book
Bali Ministerial Declaration
"
[4]
. On December 4 of the same year, the Ninth Ministerial Conference of the World Trade Organization was held
Indonesia
Bali passed the agreement, ratified
Yemen
Join the World Trade Organization.
On April 26, 2015,
Seychelles
Ended 20 years of negotiations with World Trade Organization members on the terms of entry.
[5]
On July 27 of the same year,
Presidents of Kazakhstan
Nazarbayev vs
Director-general of the World Trade Organization
Azevedo co-signed the Protocol on Kazakhstan's Accession to the World Trade Organization (WTO) at the WTO General Council meeting in Geneva; On July 29 of the same year,
Liberia
and
Afghanistan
Become a member of the World Trade Organization.
December 11, 2019, due
Appellate body of the World Trade Organization
The Appellate body of the World Trade Organization's dispute settlement system has been officially suspended after more than 20 years of operation, with just one member, below the minimum number required for effective operation.
[6]
On December 10, 2021, the World Trade Organization (WTO) and the Permanent Mission of China to the WTO co-hosted a high-level forum in Geneva on the 20th anniversary of China's accession to the WTO, reflecting China's accession
Multilateral trading system
Of great significance.
[15]
On March 21, 2022,
Russia
Political party
Just Russia Party
councillor
Russian State Duma
(Council of the Russian Federation
Lower house
Submitted Russia's withdrawal from the World Trade Organization
Draft law
.
[17]
March 24, 2022 (
Local time
The World Trade Organization announced the suspension of the review
Belarus
An application to join the organization.
[18]
February 26, 2024 (
Local time
The 13th WTO Ministerial Conference was held in ABU Dhabi, capital of the United Arab Emirates. At the meeting that day,
Comoros
and
East Timor
Officially became a member of the WTO.
[28]
Step 1: Improve
Living standard
To ensure full employment and substantial and steady growth
Real income
and
Effective demand
;
3. Keep going
The path to sustainable development
Members shall promote the optimal use of the world's resources, the protection and preservation of the environment, and to comply with differences
Level of economic development
Under the way that members need to strengthen the adoption of various corresponding measures;
4. Actively work to ensure
Developing country
especially
The least developed countries
Gain a share and benefit from the growth of international trade commensurate with its level of economic development;
Step 6 Pass
substantiality
Cutting tariffs and other measures to build an integrated, more dynamic and durable multilateral trading system;
7. Gradually reduce tariff and non-tariff barriers to trade among members and eliminate discriminatory treatment among members in international trade on the basis of openness, equality and reciprocity.
To deal with the relationship between trade and economic undertakings among the members of the Organization in order to raise the standard of living, ensure full employment, guarantee a substantial and sustained increase in real income and effective demand, and expand the full use of the world's resources and development
Commodity production
With exchange as the purpose, strive to achieve
Mutual benefit
The agreement significantly reduced tariffs and other barriers to trade and discriminatory treatment in political international trade.
The goal of the WTO is to create a more dynamic and durable comprehensive body of goods, services, trade-related investment and intellectual property rights
Multilateral trading system
To include
General Agreement on Tariffs and Trade
Trade liberalization
Results and
Uruguay Round
Multilateral trade negotiations
All the results.
Reciprocity principle
Principle of reciprocity
, also known as
Principle of reciprocity
It means that the two members give trade to each other in international trade
Preferential treatment
. It defines the basic positions that members must take in tariff and trade negotiations and what kind of trading relationship they must establish with each other.
The World Trade Organization's principle of reciprocity
It is mainly reflected in the following forms:
First, by holding multilateral trade negotiations on tariffs or tariffs
Non-tariff measures
In order to obtain access to the markets of other members for their own products or services, the so-called "vote in favor of peaches" and "return the favor."
Second, when a country or region applies to join the WTO, since the new member can enjoy the preferential treatment of opening up the market that all the old members have reached in the past, the old members will unanimously require the new member to pay the "payment" in accordance with the provisions of the existing WTO agreements and agreements.
Initial fee
"-- Opening up
applicant
Goods or
Service market
.
Third, reciprocal trade is the main tool for achieving economic and trade cooperation with other members in the process of multilateral trade negotiations and trade liberalization of one member. The history of GATT and the World Trade Organization amply demonstrates that the benefits of multilateral trade liberalization to a member are far greater than the benefits of unilateral trade liberalization by a country itself. Because when a country unilaterally and independently decides to liberalize trade in goods with tariffs and non-tariff tariffs and open up the service market, the benefits it will get mainly depend on the reaction of other trading partners to such liberalizing reform. If the response is good, that is, reciprocal concessions will be granted, then the benefits will be greater. Otherwise, it is smaller.
On the contrary, under the WTO system, since a member's trade liberalization is carried out within the scope of obtaining market opening commitments from existing members, it is natural that the actual benefits brought by such trade liberalization reform are guaranteed by the WTO mechanism, rather than unilateral or unilateral
Bilateral trade
The benefits of liberalization are so uncertain. Therefore, multilateral trade liberalization is better than unilateral trade liberalization, especially for a large developing country like China.
Transparency principle
Transparency principle
(Transparency) means that WTO members should publish the trade measures they have formulated and implemented and their changes, and measures that have not been published should not be implemented, and they should also notify the WTO of these trade measures and their changes. In addition, members participate in the relevant impact
International trade policy
the
International agreement
It shall also be promptly published and notified to the World Trade Organization.
Transparency principle
It is an important principle of the World Trade Organization, and it is reflected in the main agreements and agreements of the World Trade Organization. According to this principle, WTO members are required to publish effective and current trade
Policies and regulations
There is:
(1) Customs regulations. That is, customs rules on product classification and valuation methods, customs vs
Import and export goods
assessed
Tariff rate
and
Other expenses
;
(2) Relevant laws and regulations and administration of import and export management
Rules and regulations
;
(5) Related to import and export goods and their payment
Foreign exchange control
And general laws and regulations on foreign exchange control;
(8) Relevant
Export processing zone
,
Free trade zone
Laws and regulations of border trade zones and special economic zones;
(10) Award provisions relating to arbitration;
(11) The relevant effects signed by member Governments and their agencies
Trade policy
Existing bilateral or multilateral agreements, agreements;
The principle of transparency stipulates that the Members shall implement the above-mentioned laws, regulations, judgments and decisions in a fair, reasonable and uniform manner. Unity is required within the territory of the member
Managed trade
The relevant regulations should not be
Differential treatment
That is, the central government promulgating relevant policies and regulations in a unified manner, and the regulations on the above matters promulgated by local governments should not be related to
Central government
There is any conflict. But authorized by the central government
Special administrative region
With the exception of local governments.
impartiality
and
rationality
Requires members to comply with the implementation of regulations
Principle of non-discrimination
.
The principle of transparency also provides that, in view of customs
Administrative act
The need for inspection and correction requires that Members retain or establish, as soon as possible, judicial or arbitral or administrative institutions and procedures. Such tribunals or proceedings are independent of accountability
Administrative implementation
Outside of the agency. Except as permitted by the importer in the regulations
Appeal period
Other than appeals to higher courts or bodies, their decisions will be enforced by those bodies.
The principle of transparency plays a very important role in the realization of fair trade and competition.
Market access principle
World Trade Organization
Market access principle
(Market Access) is visible and growing, and it requires countries to open their markets for the purpose of planning, steps, and stages to achieve the maximum
Trade liberalization
.
Market access
The main contents of the principles include
Tariff protection
With concessions, cancellations
Quantitative restriction
And transparency principles. The World Trade Organization advocates the eventual elimination of everything
Trade barrier
Including tariffs and non-tariffs
Tariff barrier
Although tariff barriers are still a legitimate means of protection permitted by the World Trade Organization, the level of tariffs must be continuously reduced.
Promote the principle of fair competition
The World Trade Organization doesn't allow it
Contracting state
Using unfair trade practices
Unfair competition
In particular, the export of commodities in the form of dumping and subsidies is prohibited, dumping and subsidies have made clear provisions, and specific and detailed implementation measures have been formulated, and the World Trade Organization advocates fair trade means for fair competition.
Principle of economic development
Also known as the principle of encouraging economic development and economic reform, the principle aims to help and promote the rapid economic development of developing countries
Developing country
For example, the "government assistance for economic development" clause, which allows developing countries to impose quantitative restrictions on imports or raise tariffs within a certain range, is only required
Developed country
The "trade and development clause", which unilaterally assumes obligations and entitles developing countries to certain specific preferences without compensation, and establishes that developed countries grant to developing countries and developing countries
Transition country
A longer transition period and
GSP treatment
The legitimacy of...
Principle of non-discrimination
This principle includes two aspects: one is
Most-favored-nation treatment
And the other one is
National treatment
.
Members generally cannot discriminate between trading partners; A preference granted to one member shall also be granted to the other members. This is most-favored-nation treatment. This principle is very important in management
Trade in goods
Article I of the General Agreement on Tariffs and Trade (GATT)
General Agreement on Trade in Services
It is Article 2 in the TRIPS Agreement and Article 4 in the TRIPS Agreement. Thus, MFN treatment applies to all three WTO trade areas.
National treatment means that foreign goods, services and intellectual property should be treated the same as local goods. The fundamental purpose of most-favored-nation treatment is to guarantee other than one's own country
Contracting party
Be able to compete fairly with other companies on equal terms in their own market.
Principle of non-discrimination
Is the cornerstone of the World Trade Organization, is to avoid
Trade discrimination
An important means of friction and friction is an important guarantee to achieve equal trade between countries.
1.
Principle of most-favored-nation treatment
The preferential treatment accorded by a Member to any other country in the field of trade in goods, trade in services and intellectual property rights shall be granted immediately and unconditionally to other Members.
Key points:
a. Automaticity: immediate and unconditional;
b. Identity: the object of benefit must be the same;
(c) Reciprocity: both beneficiary and beneficiary, bearing obligations and enjoying rights;
(d) Universality: applicable to all import and export products, trade in services and all sectors and all types of intellectual property rights
owner
and
holder
.
Exceptions:
A. to
Customs union
and
Free trade zone
And so on
Regional economy
(b) To arrange for non-regional WTO members not to be entitled to benefits more favourable than most-favoured-nation treatment that are applied within those regions;
B. Special and differential treatment for developing members, such as
Generalized system of preferences
;
D. To allow members to act in the field of intellectual property
General judicial assistance
Exceptions are reserved, inter alia, for rights enjoyed in international agreements.
2.
Principle of national treatment
: Products, services and other members
Service provider
And the treatment provided by the owners and holders of intellectual property rights shall be no less favourable than that provided by their own countries
Similar product
Services and service providers and owners and holders of intellectual property rights.
Key points:
(a) apply to providers of products, services and services and to owners and holders of intellectual property rights, but the scope of application, specific rules and importance of national treatment provisions vary depending on the specific beneficiaries in these areas;
b) treatment in the territory of the importing Member relating only to products, services and service providers of other Members and owners and holders of intellectual property rights;
(c) The meaning of the term "no less than" in the definition means that products, services and service providers of other Members and owners and holders of intellectual property rights shall enjoy the same treatment as those of similar products, providers of the same services and services and owners and holders of intellectual property rights of importing Members, and that it is not contrary to the principle of national treatment if the importing Member gives the former higher treatment.
Basic function
1. Develop the multilateral and plurilateral mechanisms for monitoring, regulation and enforcement that together make up the WTO
Trade agreement
;
2. As a forum for multilateral trade negotiations;
3. Seek settlement of trade disputes;
4. To oversee the trade policies of member States and to work with others to formulate global trade policies
Economic policy
Relevant international agencies cooperate.
The goal of the World Trade Organization is to establish a comprehensive and more dynamic peace
permanence
The multilateral trading system. In contrast to the GATT, the scope of WTO jurisdiction includes, in addition to the traditional and Uruguay Round trade in goods, intellectual property rights, investment measures and non-goods trade (trade in services), which have long been outside the GATT. The WTO has the status of legal person, and it has higher authority and authority in the mediation of disputes among its members
effectiveness
.
Five functions
Management function
The WTO is responsible for the supervision and management of the trade policies and regulations of its members, and regularly reviews them to ensure their legality.
Organizational function
: For the realization of agreements and agreements
Established goal
The WTO has the power to organize the implementation of all trade agreements and agreements under its jurisdiction and to actively take effective measures.
Coordinating function
: The World Trade Organization coordinates its relationship with
The International Monetary Fund
and
World Bank
Relationships with international organizations and institutions to safeguard the globe
Economic decision
Consistency and
Cohesive force
.
Mediation function: When disputes and conflicts arise among members, the WTO is responsible for resolving them.
Provision function: The WTO provides a negotiating venue for its members to deal with agreements and matters related to agreements and to provide the necessary resources to developing countries
Technical assistance
To help it develop.
Fundamental right
(1) to enable the unconditional, multilateral, permanent and stable enjoyment of goods and services and intellectual property rights among the 150 members
Most-favored-nation treatment
And national treatment;
(2) For most
Developed country
Exports of industrial goods and
Semi-finished product
Be subject to GSP treatment;
(4) Enjoy the opening or expansion of goods by other WTO members,
Service market
Benefits of access;
(5) Using the World Trade Organization
Dispute settlement mechanism
Fair, objective and reasonable settlement of economic and trade frictions with other countries to create a good environment for economic and trade development;
(6) Participate
Multilateral trading system
The activities of obtaining international economic and trade rules
Decision-making power
;
(7) Enjoy the right of WTO members to use rules, exceptions and guarantee measures to promote their economic and trade development.
Basic obligation
(1) To grant most-favored-nation treatment and national treatment to other members in respect of goods, services, intellectual property, etc. in accordance with the provisions of the World Trade Organization;
(2) Expand market access for goods and services in accordance with relevant WTO agreements, that is, specifically require the reduction of tariffs and regulations
Non-tariff measures
Gradually expand the opening of the service trade market;
(3) According to the
Intellectual property agreement
Further regulate the protection of intellectual property rights;
(4) to settle the dispute fairly with other members in accordance with the dispute settlement mechanism
Trade friction
We should not engage in unilateral retaliation.
(5) Increase the transparency of trade policies and regulations;
(6) regulating measures for foreign investment in trade in goods;
(7) Pay a certain contribution in proportion to its share of world exports.
Ministerial conference
The highest authority in the WTO. Ministers, vice-ministers or other officials responsible for foreign trade and economic cooperation of all members
plenipotentiary
Compose of,
Council of ministers
Held at least once every two years, the Council of Ministers has a wide range of powers, including: legislative powers; quasi
Judicial power
; Exempting a member from his obligations in a particular case; Approval of requests by non-WTO members for access to the WTO
Observer
Request for eligibility application.
General council
When the Council of Ministers is not in session, the General Council, composed of representatives of all the members, acts as the Council of Ministers. The General Council shall meet from time to time as the situation requires and shall draw up its own rules of procedure and agenda. To convene meetings from time to time to fulfil its mandate to settle trade disputes and to review the trade policies of members.
The General Council consists of the Council on Trade in Goods, the Council on Trade in Services and the Council on Intellectual Property Rights. These Councils may, as appropriate, draw up their own rules of procedure, which shall be implemented with the approval of the General Council. All members may participate in each Council.
Special committee
Special Committees are established under the Council of Ministers to deal with specific trade and other related matters.
Established:
4. More than 10 specialized committees, including the Committee on Trade and Environment.
Secretariat and
Director GENERAL
Secretariat and the Director-General: The staff of the Secretariat are appointed by the Director-General and their duties and conditions of service are determined by rules adopted by the Council of Ministers.
The Council of Ministers defines the powers, duties, conditions of service and terms of office of the Director General.
Director-general of the World Trade Organization
Main responsibilities are as follows:
1. He may exert maximum influence on members to require them to comply with the rules of the World Trade Organization;
(b) The Director-General shall consider and foresee the best course for the development of the World Trade Organization;
3. To assist members in resolving disputes arising between them; 4. Responsible for the work of the Secretariat, managing the budget and all members concerned
Administrative affairs
;
As of February 2024, the WTO has 166 members.
[30]
Wto membership is divided into four categories: developed members, developing members and transition members
economy
Member and least developed Member.
[23]
Any country or customs territory with full autonomy in trade policy is eligible to join the WTO as a member.
[7]
A given year
|
Join a member
|
|||
---|---|---|---|---|
The year 1995
|
||||
The year 1996
|
||||
The year 1997
|
||||
The year 1998
|
||||
The year 1999
|
||||
The year 2000
|
||||
The year 2001
|
||||
The year 2002
|
||||
The year 2003
|
||||
The year 2004
|
||||
The year 2005
|
||||
The year 2006
|
||||
The year 2007
|
||||
The year 2008
|
||||
The year 2012
|
||||
The year 2013
|
||||
The year 2015
|
||||
2024
|
||||
Member Information:
[23]
[27-28]
|
-
|
|||
Holy See
|
|||
-
|
|||
-
|
-
|
-
|
|
Observer Information:
[23]
[28]
|
"
Bali Ministerial Declaration
""
Singapore Ministerial Declaration
Singapore Declaration, Ministerial Statement, Ministerial Declaration, Seoul Declaration on Information Infrastructure in the Asia Pacific
Joint declaration
""
Bogor Declaration
Osaka Agenda for Action, Gold Coast Declaration, Cancun Declaration and Plan of Action
[8]
"
Joint Statement on Investment facilitation
"
[16]
"
Fishery subsidy agreement
"
[21]
Mutual Recognition Arrangement (MRA)
[8]
,"
General Agreement on Tariffs and Trade
","
General Agreement on Trade in Services
The Agreement on Trade-Related Aspects of Intellectual Property Rights, the Agreement on Trade-Related Aspects of Intellectual Property Rights
Intellectual property agreement
","
The Marrakesh Agreement establishing the World Trade Organization
Multilateral Agreement on Trade in Goods, Multilateral Agreement on Trade in Goods
General Agreement on Trade in Services
","
Agreement on Trade-Related Aspects of Intellectual Property Rights
","
Understanding on dispute settlement rules and procedures
","
Trade policy review mechanism
","
The Marrakesh Agreement establishing the World Trade Organization
Understanding on the Rules and Procedures for Dispute Settlement of the World Trade Organization
Term of office
|
name
|
nationality
|
---|---|---|
1 January 1995-1 May 1995
|
||
May 1, 1995 - September 1, 1999
|
||
September 1, 1999 - September 1, 2002
|
||
September 1, 2002 - September 1, 2005
|
||
September 1, 2005 - September 1, 2013
|
France
[9]
|
|
September 1, 2013 - August 31, 2020
|
Brazil
[10]
|
|
March 1, 2021 - August 31, 2025
|
Nigeria
[13]
|
On October 9, 1997, the WTO adopted a new logo. The logo consists of six upward curved arcs, the top three and the bottom three are red, blue and green respectively. The logo means that a dynamic WTO has a key role to play in the sustained and orderly expansion of world trade. The spherical shape of the six arcs indicates that the WTO is an international body composed of different members.
The logo looks dynamic for a long time, symbolizing the vitality of the World Trade Organization. The designer of the logo is
Singapore
Of Yang Shu, her design was adopted
Chinese traditional calligraphy
The stroke, six arcs with
Brush calligraphy
The rhythm of starting and ending a pen.
[11]
World Trade Organization
Official language
for
English
,
French
and
Spanish
The texts in these three languages are official texts that have
Legal effect
The Chinese version is for reference only and has no legal effect;
The significance of the inclusion of English, French and Spanish texts is that when disputes arise with WTO members, the provisions in these texts can be directly invoked and applied, and have formal legal effect;
The Chinese translation of China's WTO accession legal documents is included, so that readers who are not accustomed to reading foreign languages can learn and master the WTO rules.
Maintaining the World Trade Organization at its core
Multilateral trading system
For promoting international trade and the world
Economic stability
Development is of great significance. World Trade Organization to resolve
Global trade
Disputes create new mechanisms and procedures, including Settings
Dispute settlement mechanism
And its appellate body, established with international law
Enforcement effect
The ruling mechanism is therefore called the international organization with "teeth"
[12]
.
(
China news network
Evaluation of
)
On February 22, 2017,
Rwanda
,
Oman
,
Chad
and
Jordan
Four other WTO members have submitted documents of ratification of the Trade Facilitation Agreement to the WTO. Thus, approved
Trade Facilitation Agreement
The number of WTO members has reached 112, exceeding the statutory threshold of two-thirds of the total number of WTO members required for the Agreement to enter into force, and the Agreement will enter into force and be formally implemented for those members that have ratified the Agreement.
[26]
June 2022, according to
Reuters
Geneva
The WTO will hold its first ministerial meeting in more than four years from June 12 to 15 in Geneva.
[19]
On October 6-7, 2022, the WTO General Council held its fourth meeting in 2022, during which discussions were held on WTO reform, the work plan for e-commerce, the implementation of the outcomes of the Ministerial Conference, and the work plan for small economies.
[25]
On February 23, 2023, the World Trade Organization released a report saying that the preliminary estimate is 2022
Global trade
Growth range
Will be higher than the 3 per cent forecast by the organisation last April, with global trade showing resilience and performing better than expected.
[20]
On July 6, 2023, at the ambassadorial level meeting of the WTO Negotiations on Investment Facilitation, Joint Coordinator of the negotiations
Chile
Ambassador Bosa and Park Jung-sung, Deputy Representative of the Republic of Korea to the WTO, issued a statement announcing that
Investment facilitation agreement
Negotiations on the text were successfully concluded.
[22]
On August 21, 2023,
Hong Kong, China
Having submitted the Fisheries Subsidies Agreement (Agreement) to the World Trade Organization (WTO)
Enter the paperwork.
[24]