Introduction to the World Trade Organization (WTO)

This video lecture provides an overview of the World Trade Organization (WTO), its purpose, and its role in global trade. It covers the history of the WTO, starting from the General Agreement on Tariffs and Trade in 1948 to its transition into the WTO in 1995. The lecture highlights the achievements of the WTO, such as the reduction of global tariffs, and explains key principles like the most favored nation principle. It also outlines the functions of the WTO, including administering trade agreements, facilitating negotiations, resolving disputes, and providing technical support. The video concludes with a discussion on negotiation rounds, particularly the ongoing Doha Round, and encourages viewers to explore the WTO website for more information.

What is the primary purpose of the World Trade Organization?

How many nations were part of the World Trade Organization by 1995?

What principle is designed to prevent discrimination among member nations?

What are some of the activities performed by the World Trade Organization?

What is the Doha Round, and why has it taken so long?