1. The World Trade Organization
Section 3.1c

2. The WTO is part of the UN

3. WTO History First half of 20th Century trade declined Post WWII
Interwar period, huge trade barriers
Post WWII
Creation of Supranational organizations
United Nations –GATT, IMF, World Bank
GATT – General Agreement on Tariffs and Trade
Goal:
GATT renamed WTO in 1995
WTO Seattle Protests 1999

4. WTO Today WTO at 20 164 members list and map Made By China in America
Most Favored Nation Status –
Grant one country a special favor (such as a lower tariff rate for one of their products) then you must do the same for all other WTO members.
Equal treatment of all trading partners
No Quotas EXCEPT
Exceptions for LDC’s (Less Developed Countries) to protect infant industries

5. UN Sustainable Development Goals

6. The Foreign Aid Paradox