The,importance,WTO,The,WTO,com business, insurance The importance of WTO
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The WTO is composed of governments and political entities (such as the EU) and is a member-driven organisation with decisions mainly taken on a consensus basis. Membership implies a balance of rights and obligations. By October 2004, 149 countries had joined the WTO, with around 25 negotiating to sign up. A vast majority of Members are developing countries. The largest and most comprehensive entity is the European Union with its 25 Member States. Indeed, while the Member States co-ordinate their positions in Brussels and Geneva, the European Commission alone speaks for the EU at almost all WTO meetings. The WTO's top level decision-making body is the Ministerial Conference, which meets at least once every two years. The latest conferences were Seattle (1999), Doha (2001 which launched the DDA) and Cancun (2003). Below this, the General Council meets several times a year in the Geneva headquarters. Both are composed of representatives of all Member States. At the next level, the Goods Council, Services Council and Intellectual Property Council as well as numerous specialised committees, working groups and working parties deal with the individual agreements and other areas such as the environment, development, membership applications and trade agreements. Finally, the WTO Secretariat located in Geneva supplies technical support for various councils and committees and the ministerial conferences, analyses world trade and explains WTO affairs to the public and media. See more info on the WTO.Currently, the WTO Members are engaged in a broad round of multilateral trade negotiations, called the Doha Development Agenda (DDA). In July 2004, Members agreed on a Framework Agreement that sets a clear agenda for the formulation of a new set of trade rules by the end of the DDA and decided that the next WTO Ministerial will be held in Hong Kong in December 2005. Members and Observers Albania 8 September 2000Angola 23 November 1996Antigua and Barbuda 1 January 1995Argentina 1 January 1995Armenia 5 February 2003Australia 1 January 1995Austria 1 January 1995Bahrain, Kingdom of 1 January 1995Bangladesh 1 January 1995Barbados 1 January 1995Belgium 1 January 1995Belize 1 January 1995Benin 22 February 1996Bolivia 12 September 1995Botswana 31 May 1995 Brazil 1 January 1995Brunei Darussalam 1 January 1995Bulgaria 1 December 1996Burkina Faso 3 June 1995Burundi 23 July 1995Cambodia 13 October 2004Cameroon 13 December 1995Canada 1 January 1995Central African Republic 31 May 1995Chad 19 October 1996Chile 1 January 1995China 11 December 2001Colombia 30 April 1995Congo 27 March 1997Costa Rica 1 January 1995Côte d'Ivoire 1 January 1995Croatia 30 November 2000Cuba 20 April 1995Cyprus 30 July 1995Czech Republic 1 January 1995Democratic Republic of the Congo 1 January 1997Denmark 1 January 1995Djibouti 31 May 1995Dominica 1 January 1995Dominican Republic 9 March 1995Ecuador 21 January 1996Egypt 30 June 1995El Salvador 7 May 1995Estonia 13 November 1999European Communities 1 January 1995 Fiji 14 January 1996Finland 1 January 1995Former Yugoslav Republic of Macedonia (FYROM) 4 April 2003France 1 January 1995Gabon 1 January 1995The Gambia 23 October 1996Georgia 14 June 2000Germany 1 January 1995Ghana 1 January 1995Greece 1 January 1995Grenada 22 February 1996Guatemala 21 July 1995Guinea 25 October 1995Guinea Bissau 31 May 1995Guyana 1 January 1995Haiti 30 January 1996Honduras 1 January 1995Hong Kong, China 1 January 1995Hungary 1 January 1995Iceland 1 January 1995India 1 January 1995Indonesia 1 January 1995Ireland 1 January 1995Israel 21 April 1995Italy 1 January 1995Jamaica 9 March 1995Japan 1 January 1995Jordan 11 April 2000Kenya 1 January 1995Korea, Republic of 1 January 1995Kuwait 1 January 1995Kyrgyz Republic 20 December 1998Latvia 10 February 1999Lesotho 31 May 1995Liechtenstein 1 September 1995Lithuania 31 May 2001Luxembourg 1 January 1995Macao, China 1 January 1995Madagascar 17 November 1995Malawi 31 May 1995Malaysia 1 January 1995Maldives 31 May 1995Mali 31 May 1995Malta 1 January 1995Mauritania 31 May 1995Mauritius 1 January 1995Mexico 1 January 1995Moldova 26 July 2001Mongolia 29 January 1997Morocco 1 January 1995Mozambique 26 August 1995Myanmar 1 January 1995Namibia 1 January 1995Nepal 23 April 2004Netherlands For the Kingdom in Europe and for the Netherlands Antilles 1 January 1995New Zealand 1 January 1995Nicaragua 3 September 1995Niger 13 December 1996Nigeria 1 January 1995Norway 1 January 1995Oman 9 November 2000Pakistan 1 January 1995Panama 6 September 1997Papua New Guinea 9 June 1996Paraguay 1 January 1995Peru 1 January 1995Philippines 1 January 1995Poland 1 July 1995Portugal 1 January 1995Qatar 13 January 1996Romania 1 January 1995Rwanda 22 May 1996Saint Kitts and Nevis 21 February 1996Saint Lucia 1 January 1995Saint Vincent & the Grenadines 1 January 1995Senegal 1 January 1995Sierra Leone 23 July 1995Singapore 1 January 1995Slovak Republic 1 January 1995Slovenia 30 July 1995Solomon Islands 26 July 1996South Africa 1 January 1995Spain 1 January 1995Sri Lanka 1 January 1995Suriname 1 January 1995Swaziland 1 January 1995Sweden 1 January 1995Switzerland 1 July 1995Chinese Taipei 1 January 2002Tanzania 1 January 1995Thailand 1 January 1995Togo 31 May 1995Trinidad and Tobago 1 March 1995Tunisia 29 March 1995Turkey 26 March 1995Uganda 1 January 1995United Arab Emirates 10 April 1996United Kingdom 1 January 1995United States of America 1 January 1995Uruguay 1 January 1995Venezuela 1 January 1995Zambia 1 January 1995Zimbabwe 5 March 1995Observer governments back to topAfghanistan AlgeriaAndorraAzerbaijanBahamasBelarusBhutanBosnia and HerzegovinaCape VerdeEquatorial GuineaEthiopiaHoly See (Vatican) IraqKazakhstanLao People's Democratic RepublicLebanese RepublicLibyaMontenegroRussian FederationSamoaSao Tome and PrincipeSaudi ArabiaSerbiaSeychellesSudanTajikistanTongaUkraineUzbekistanVanuatuViet NamYemen
The,importance,WTO,The,WTO,com