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The Role of the WTO in Global Trade: Oversight, Challenges, and Innovations

This briefing explores the World Trade Organization's (WTO) primary functions of supervising and liberalizing global trade, notably through the replacement of the General Agreement on Tariffs and Trade (GATT). It discusses the challenges faced by developing countries, including criticisms of rich nations' practices, such as anti-dumping measures and protectionism. The document highlights the annual Public Forum, which facilitates discussions on key topics like innovation, the digital economy, and the intersection of trade and energy. The role of technology in enhancing trade is also examined.

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The Role of the WTO in Global Trade: Oversight, Challenges, and Innovations

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  1. NEWS BRIEFING Kevin A.P. Wang 2013.10.7

  2. World Trade Organization • Supervise & liberalize global trade • Replacing General Agreement on Tariffs and Trade(GATT) • Setting rules for global market • R.O.C. accepted as a member since 2001

  3. Criticism • Rich Countries bullying developing countries e.g. • Anti-Dumping Measures • TRIPS Agreement • Protectionism

  4. Video • https://www.youtube.com/watch?v=7iywG3_EG1c

  5. Public Forum • largest annual outreach event • provides a platform for participants to discuss the latest developments in world trade and to propose ways of enhancing the multilateral trading system

  6. Five Main Topics • Innovation and Trade • The Digital Economy • Greening the Economy; what role for innovation? • Technology, a tool for trade development • Trade and Energy

  7. Discussion • How do innovation and technology improvement do good to global trade? Take example from your daily life. • Name some Pros and Cons of Global trade.

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