A Guide to the World Trade Organisation
Author(s): Richard Senti, Hans Mahncke
The establishment of the World Trade Organisation (WTO) in 1995 meant both a continuation and a re-orientation of the post-war world trade order.
The establishment of the World Trade Organisation (WTO) in 1995 meant both a continuation and a re-orientation of the post-war world trade order. While the basic principles governing world trade, as well as laws relating to trade in goods (GATT), were maintained, the existing system was expanded with the inclusion of trade in services (GATS) and laws on the protection of intellectual property rights (TRIPS). The WTO in Geneva acts as the institutional umbrella for these and other agreements. The aim of this book is to outline the origins, purpose and scope of the individual agreements, as well as to examine how they function institutionally. Additionally, this book explores the developments that the relevant laws and practices have undergone over the years. In recent times, the WTO has become the subject of wide-ranging criticisms, the causes and effects of which are also studied. This book serves as a tool in accessing the current world trading system for students, practitioners and laypersons alike.