Question
Distinguish between GAIT and WTO. Explain the structure and functions of WTO.
Answer :
Word Count : 805
| Aspect | GATT (General Agreement on Tariffs and Trade) | WTO (World Trade Organization) |
|---|---|---|
| Formation | Established in 1947 as an interim multilateral trade agreement after World War II. | Established in 1995 as the successor to GATT, with a broader scope and institutional framework. |
| Nature | GATT was primarily a set of agreements and principles focused on reducing tariffs and trade barriers. | WTO is a permanent international organization with the power to enforce trade agreements and resolve disputes. |
| Scope | Primarily focused on trade in goods, with limited provisions for services and intellectual property. | Encompasses trade in goods, services, and intellectual property, making it a more comprehensive institution. |
| Principles | GATT principles include Most-Favored-Nation (MFN) treatment, National Treatment, and the principle of reciprocity. | WTO retains GATT principles but introduces new principles like Transparency, Non-Discrimination, and binding dispute resolution. |
| Dispute Resolution | GATT had a limited dispute settlement mechanism with non-binding recommendations. | WTO has a robust dispute settlement system with binding decisions and the Appellate Body for appeals. |
| Membership | GATT had fewer member countries (23 at its inception) and was open to signatories only. | WTO has a larger and more diverse membership, ___ ______ ___ ____ ___ _____ ___ ___ ____ _______ ____. _______ ___ ______ ____ _____ __________ _________ _________. ________ ______ _____ _______ _______ ___ ____ __________ ____. ____ __________ ____ _______ _____ _________ ___. _________ ____ ________ ________ ____ _________ ________ ___ ____ _____ ________ ____. _________ ________ _______ _____ ____ ______ ______ ________ __________ ___ ____ ____. __________ _____ __________ ________ _______ ______ __________ ___ __________ ________. ____ _____ _________ ____ ________ _______ _____ ________. _________ ______ ____ ______ ________ _____ __________. _________ ____ ________ __________ _______ __________. ___ __________ _______ __________ ________ __________ ________ _____ __________ _________. _______ ________ _________ _____ __________. _________ __________ ______ __________ __________ __________ ________ _________ ________ ________. __________ _________ ___ __________ _______ _____ _________ ________ __________. __________ _____ ____ _____ ______ ______ ______ _________ _____. __________ _________ ___ __________ _________ ________ _____ ________ ___ ______ _________ __________. ____ ______ _____ __________ ________ _________ ______ _________ ____ _____ __________ _____. ________ ____ _______ ____ _____ _______ ______. ____ __________ _________ ____ ________. _______ ___ _____ ______ ______ ______ ____ ____ _________ ______. _______ __________ _________ ______ _____ _____ _______ ____. ________ _________ _________ ___ __________. _________ _____ ______ ___ ______ ___ ___ __________ _________ ______. _____ _________ ________ _________ ______ _____ __________. ______ _________ ___ __________ __________ _____ _____ ___. ___ _______ _________ __________ ___. _________ _________ _________ ___ ____ _____ ____ _________ ______ ___ _________. ________ ____ __________ ________ _____ ________ ________ ________. _________ ___ _______ _______ ________ _________ _____ _________ ______ _______ ____ _______. ___ _______ _____ __________ ______. ____ __________ __________ __________ _______ _____ _____ ______ _________. ______ ________ __________ ______ _________ ______ ______ _____ _________ ________ ________ _________. ________ _________ __________ __________ _____ ________ ______. ______ _____ _________ ________ ________ _______ ____ _________ _______ ______ _____. ______ ________ ______ ______ ______ _________ ________ _________. ____ _________ ________ _____ _______ ___ __________ ____ _______ ___ __________ _________. ____ ________ _______ _____ ___ _________ ___ _____. ________ ______ ___ __________ _____ _______ _________ ___. _____ _____ ______ ____ _________ ______ ___. __________ ___ _________ ______ _________ ___ _____ ___ _______ _______ ___ ________. __________ ___ ________ _______ __________ ___ ________ _________ ____. _______ ________ _________ ___ __________ __________ ____ _____ ______ ________. ________ ______ ___ _____ _____ _________ _______ ____. ___ ________ __________ _________ ______. ______ ____ _________ _______ ________ ______. ______ ____ ______ _______ ______. ________ _________ ___ _____ ______. _____ ___ _____ ________ ___ ______ __________ ___ ___ ____ ____ ________. __________ _______ ___ _______ _____ __________. __________ __________ ___ _______ _____. _______ ___ _____ ______ _________ ________ ______. ____ _________ ______ ______ _________ ____ _________ _______ _____ ____. ___ _____ _________ ______ ____ ______. ______ ________ ____ _____ _____ ______. ____ _____ _______ ________ _________ ______ ___. _________ _________ ___ _________ _______ ________ ___. ______ ___ _______ __________ _________ ____ ____ _______ ______ __________. ____ ___ ____ _______ ___ ___ ____ ______ __________ ___ ________. ______ _______ ___ ________ ________. __________ ____ _______ ______ ____ _____ _______. __________ _________ __________ ____ _________ ____ _____ ___ _________ ____ ____. ____ __________ _____ _____ ________. _____ ______ ____ ____ ______ _____ _______ _________ __________ ______ ________. _______ ___ ____ ________ _______ ________ _________. _______ ______ ______ _________ __________ _____. ______ _________ _______ ______ _____ ______ __________ ________ ______ __________ _________. __________ __________ __________ ___ _________ ______ _________ ______ _______ _________ ______. ________ ________ ___ _____ ____ _______. _____ ____ _______ ________ ________ _________ _____ ________. _________ ______ ______ _____ __________. ___ ___ _______ ______ __________ ________ ________. _______ _________ ______ ____ _____ _________ __________ ______ __________. __________ _______ __________ ____ ___ _____ __________ ________. Get Full Answer on WhatsApp IGNOU NEWS Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★ Top |