Mengenal WTO : Organisasi Perdagangan Dunia

Summary

In this video, Reva from the International Relations department discusses the World Trade Organization (WTO). She explains its origins, which stemmed from a global economic crisis in 1947 when countries, led by the U.S., sought solutions through negotiations. The WTO, originally part of the General Agreement on Tariffs and Trade (GATT), was formed to regulate international trade, improve global living standards, create jobs, and protect the environment. With 164 member countries today, the WTO manages trade agreements, resolves disputes, and offers technical assistance to developing nations, collaborating with other international organizations like the IMF and World Bank.

Takeaways

• 😀 The World Trade Organization (WTO) is an international organization that regulates trade between countries.
• 😀 The WTO's headquarters is located in Geneva, Switzerland.
• 😀 The WTO was formed in 1947 in response to a global economic crisis, with the goal of addressing trade challenges.
• 😀 The creation of the WTO was prompted by the failure of the International Monetary Fund (IMF) to find solutions to the economic crisis at the time.
• 😀 The organization was initially called the International Trade Organization (ITO) before being renamed the WTO.
• 😀 One of the main objectives of the WTO is to improve the global standard of living.
• 😀 The WTO aims to create more job opportunities and increase income for people around the world.
• 😀 The organization works to expand global production and trade in goods and services.
• 😀 The WTO is committed to protecting the world's resources and preserving the environment.
• 😀 As of now, 164 countries are members of the WTO, making it a globally recognized body.
• 😀 The WTO handles international trade agreements, resolves trade disputes, and offers technical assistance to developing countries.

Q & A

What is the World Trade Organization (WTO)?

The World Trade Organization (WTO) is an international organization that governs trade between countries and regulates global trade practices.

Where is the headquarters of the WTO located?

The WTO's headquarters is located in Geneva, Switzerland.

What led to the creation of the WTO?

The WTO was formed in response to a global economic crisis, where countries were facing severe financial challenges. The International Monetary Fund (IMF) had not found a solution, prompting countries to meet and seek solutions, leading to the establishment of the WTO in 1947.

Which country led the effort to establish the WTO?

The United States led the effort to establish the WTO during the global economic crisis of the mid-20th century.

What was one of the key initiatives during the negotiations that led to the formation of the WTO?

One of the key initiatives during the negotiations was the establishment of the International Trade Organization (ITO), which later evolved into the WTO.

What is the General Agreement on Tariffs and Trade (GATT)?

The General Agreement on Tariffs and Trade (GATT) was an international trade agreement that focused on reducing tariffs and promoting international trade. It played a role in the formation of the WTO.

What are the main objectives of the WTO?

The main objectives of the WTO include improving living standards globally, ensuring job creation, increasing income, expanding production and trade of goods and services, and protecting global resources and the environment.

How many countries are currently members of the WTO?

As of now, there are 164 countries that are members of the WTO.

What are the main functions and tasks of the WTO?

The WTO manages international trade agreements, provides a platform for negotiations, handles trade disputes, monitors trade policies, offers technical assistance and training to developing countries, and collaborates with other international organizations like the IMF and the World Bank.

What role does the WTO play in dispute resolution?

The WTO acts as a forum for resolving trade disputes between member countries, ensuring that global trade runs smoothly and fairly.