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Business Guide to the World Trading System

image of Business Guide to the World Trading System

As world trade becomes more and more global, the rules of the world trading system are being continuously refined. For a better participation in the world trading system, it has become necessary to understand clearly the business implications of these rules. The Business Guide to the World Trading System starts with an overview of the World Trade Organization’s (WTO) legal system and the benefits that the business community can derive from it. The Guide explains the role of the WTO as a forum for negotiations, presents the rules applicable to trade in goods; reviews the main features of the rules of the General Agreement on Trade in Services; explains the rules applicable to government procurement and State trading; describes the provisions of the Agreement on Trade-Related Aspects of Intellectual Property Rights; and looks at the new subject areas on which analytical work is being carried out to determine whether negotiations within the WTO on the development of new rules to cover their trade-related aspects would be desirable.

English Spanish, French

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Trade and competition policy

The subject of the interaction between trade and competition policy was added to the work programme of WTO as a result of decisions taken at the 1996 Singapore Ministerial Conference. The Working Group which has been established is expected to study and analyse “issues raised by Members relating the interaction between trade and competition policy, including anti-competitive practices,” and to “identify areas that merit further consideration in the WTO framework.” In carrying out analytical work, the Group is expected to take into account the provisions of the Agreement on Trade-Related Investment Measures, provisions in WTO law on investment and competition policy, and discussions in the Working Group on Trade and Investment.

English French, Spanish

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