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World trade organization (WTO)

World trade organization (WTO)

 
wto.gif (1982 bytes)

World Trade Organization, rue de Lausanne 154, CH-1211 Geneva 21, Switzerland

 
  • World trade organization (WTO) until recently carrying the title « the General agreement on the tariffs and trade » (GATT).
  • The general agreement on the tariffs and trade (GATT) was concluded in 1947 in Geneva between governments 23 countries and defined some basic rules of management of trade and trade policy with allowance for of mutual interests of countries - members. In 1994 of a GATT is renamed into the World trade organization (WTO) and
    Consolidates today in the structure more than 150 states.
  • The Soviet Union has received in 1990 the status of the observer of a WTO, Russian Federation on the rights assignee USSR still conducts intensive negotiations on the introduction in a WTO as the full-fledged member. However to become the full-fledged member of this organization, any state should declare readiness to respect a number(line) of obligatory requests, including about the rushing to promote:
    • The further liberalization of foreign trade;
    • To decrease(reduction) of the customs tariffs;
    • To removal of quantitative restrictions on import;
    • To removal(elimination) of foreign trade discrimination concerning the states - partners till a WTO.

 


 

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