The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO was created by the Marrakesh Agreement, which was signed on 15 April 1994 and entered into force on 1 January 1995. The WTO Agreement is a comprehensive agreement that covers all aspects of international trade, including trade in goods, services,…
Marrakesh Agreement: A Historic Milestone in Global Trade In the labyrinthine realm of international commerce, where tariffs, quotas, and trade barriers often dictate the ebb and flow of goods, the Marrakesh Agreement stands as a beacon of progress. Signed in 1994, this seminal accord brought forth the World Trade Organization (WTO), a towering institution tasked…
The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO’s mission is to promote free trade by reducing trade barriers and facilitating the flow of goods and services across borders. The WTO was established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), which had…
Under the WTO Agreement The World Trade Organization (WTO) Agreement is a comprehensive and far-reaching pact that governs international trade. It was signed in 1994 and has been in force since 1995. The agreement has been praised for its role in promoting free and fair trade, but it has also been criticized for its complexity…
Marrakesh Agreement Establishing the WTO International trade took a monumental leap forward on April 15, 1994, when the Marrakesh Agreement was signed in the historic city of Marrakesh, Morocco. This landmark accord laid the foundation for the establishment of the World Trade Organization (WTO), marking a pivotal milestone in global economic cooperation. Uruguay Round of…
SPS WTO Agreement The World Trade Organization’s (WTO) Agreement on the Application of Sanitary and Phytosanitary Measures (SPS) is a cornerstone of global food safety. It’s designed to protect human, animal, and plant health from risks associated with foodborne illnesses and pests. By establishing a framework for harmonizing food safety regulations, the SPS Agreement enhances…
WTO Agreement on Subsidies and Countervailing Measures The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM Agreement) is an international treaty that aims to regulate the use of government subsidies and the imposition of countervailing duties in international trade. Adopted in 1994, the SCM Agreement is designed to prevent unfair trade practices,…
The World Trade Organization (WTO) Agreement on Services The World Trade Organization (WTO) is an international organization that regulates international trade. The WTO’s Agreement on Services (GATS) is a multilateral agreement that establishes a framework for the international trade in services. The GATS was negotiated during the Uruguay Round of trade negotiations and entered into…
What is the WTO Agreement on Government Procurement? In a world where trade agreements are as commonplace as a handshake, the World Trade Organization’s (WTO) Agreement on Government Procurement (GPA) stands out as a beacon of transparency and fairness in the murky waters of government spending. Inked by nations representing over 90% of global GDP,…
How to Win Your Personal Injury Claim: A Comprehensive Guide Navigating the legal labyrinth of personal injury claims can be daunting, but understanding the steps can empower you to seek justice. Here’s a comprehensive guide that will help you maximize your chances of winning. Pre-Filing: Laying the Foundation Before embarking on your legal journey, meticulous…
