2 157 Members Albania Angola Antigua and Barbuda Argentina Armenia Australia Austria Bahrain, Kingdom of Bangladesh Barbados Belgium Belize Benin Bolivia, Plurinational State of Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada niger Nigeria Norway Oman Pakistan Panama Papua New Guinea Paraguay Peru Philippines Slovenia Solomon Islan0ds South Africa Spain Sri Lanka Tunisia Turkey Uganda Ukraine United Arab Emirates United Kingdom United States of America Uruguay Vanuatu Venezuela, Bolivarian Republic of Viet Nam Zambia Zimbabwe Cape Verde Central African Republic Chad Chile China Colombia Congo Costa Rica Côte d'Ivoire Croatia Cuba Cyprus Czech Republic Democratic Republic of the Congo Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador EstoniaPoland Portugal Qatar Romania Russian Federation Rwanda Saint Kitts and Nevis Saint Lucia Suriname Swaziland Sweden Switzerland Chinese Taipei Tanzania Thailand European Union (formerly European Communities) Fiji Finland France Gabon The Gambia Georgia Germany Ghana Greece Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong, China Hungary Iceland India Indonesia Ireland Israel ItalySaint Vincent & the Grenadines Samoa Saudi Arabia, Kingdom of Senegal Sierra Leone Singapore Slovak Republic The former Yugoslav Republic of Macedonia (FYROM) Togo Tonga Trinidad and Tobago Jamaica Japan Jordan Kenya Korea, Republic of Kuwait, the State of Kyrgyz Republic Latvia Lesotho Liechtenstein Lithuania Luxembourg Macao, China Madagascar Malawi Malaysia Maldives Mali Malta Mauritania Mauritius Mexico Moldova, Republic of Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nepal Netherlands New Zealand NicaraguaSuriname Swaziland Sweden Switzerland Chinese Taipei Tanzania Thailand 157 Members
3 What is the purpose you ask? To ensure that trade flows as smoothly, predictably and freely as possible.Offer forum for dispute settlementProvide a set of rulesForum for negotiations
4 Where did it all start? Came into existence in 1995 The first rounds dealt with tariff reductions but later included other areas such as anti-dumping and non-tariff measures. The last round — the Uruguay Round — led to the WTO’s creation.Where did it all start?Result of the final round of the General Agreement on Tariffs and Trade (GATT) negotiations
5 Decisions are made by the entire membership, which is typically by consensus. The WTO’s rules are the result of negotiations between the members.Tell me more…Accounts for about 95% of world trade.The rules include dealing with trade in services, relevant aspects of intellectual property, dispute settlement, and trade policy reviews.Each country receives a guarantee that its exports will be treated fairly in other countries’ markets. Each promises to do the same for imports into its own market.
6 How is this agreement significant to Canada? Canada’s economy depends on access to global markets for manufactured and agricultural goods, and natural resourcesHow is this agreement significant to Canada?Canada also relies on globally-sourced inputs, technology and expertise to improve the productivity and competitiveness of Canadian companies in both domestic and global markets
7 What are the advantages ? Provides more choice of products and qualitiesPromotes peaceWhat are the advantages ?Trade stimulates economic growthFreer trade cuts the costs of living
8 What are some disadvantages? Fundamentally UndemocraticEnvironmental DamageDeveloped countries benefit more than underdeveloped countriesJob LossAdverse Working ConditionsDifferences among Economists