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The Political Economy of the World Trading SystemWTO and Beyond$
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Bernard Hoekman and Michel Kostecki

Print publication date: 2001

Print ISBN-13: 9780198294313

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019829431X.001.0001

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The World Trade Organization

The World Trade Organization

(p.49) 2 The World Trade Organization
The Political Economy of the World Trading System

Bernard M. Hoekman

Michel M. Kostecki (Contributor Webpage)

Oxford University Press

An account is given of the organizational structure of the WTO (World Trade Organization), which was established as a multilateral trade organization on 1 January 1995 to encompass a modified GATT (General Agreement on Tariffs and Trade), its sister bodies on services (GATS) and intellectual property (TRIPS), as well as all other agreements and arrangements concluded under the auspices of the Uruguay Round. The sections of the chapter are as follows: Scope, functions and structure of the WTO; Decision‐making; Transparency: notification and surveillance; Accession; The WTO and other international organizations; Nongovernmental actors and the WTO; and Conclusion.

Keywords:   accession, decision‐making, GATS, GATT, General Agreement on Tariffs and Trade, General Agreement on Trade in Services, international organizations, multilateral trading, organizational structure, Trade‐Related Intellectual Property Rights, transparency, TRIPS, Uruguay Round, World Trade Organization, WTO

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