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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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Government procurement

The rules of GATT specifically exempt purchases made by governments and the agencies controlled by them from the national treatment rule. Government agencies importing their requirements are also not obliged to extend MFN treatment to external suppliers of such products but only to give them fair and equitable treatment. These provisions permit purchasing agencies to buy their requirements, if they so wish, from domestic producers, even though products of comparable quality are offered for sale by foreign suppliers at lower prices.

English Spanish, French

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