WTO and World Bank

1.

WTO and
World
Bank
Firdavs Vokhidov

2.

World Trade Organization
It was found in 1 January 1995 and there are 164
members. The World Trade Organization (WTO) is the
only global international organization dealing with the
rules of trade between nations. At its heart are the
WTO agreements, negotiated and signed by the bulk
of the world’s trading nations and ratified in their
parliaments. The goal is to ensure that trade flows as
smoothly, predictably and freely as possible.
The overall objective of the WTO is to help its
members use trade as a means to raise living
standards, create jobs and improve people’s lives. The
WTO operates the global system of trade rules and
help s developing countries build their trade capacity.
It also provides a forum for its members to negotiate
trade agreements and to resolve the trade problems
they face with each other

3.

To join the WTO, it is necessary to go through a
certain procedure to bring the legal framework in
the field of international trade in line with WTO
trade standards, as well as in the field of trade
organization, customs procedures and
international settlements.

4.

World Bank
It was found in 1944 and there are 189
members. The World Bank Group is one of the
world’s largest sources of funding and
knowledge for developing countries. Its five
institutions share a commitment to reducing
poverty, increasing shared prosperity, and
promoting sustainable development.
The World Bank Group works in every major
area of development. We provide a wide array
of financial products and technical assistance,
and we help countries share and apply
innovative knowledge and solutions to the
challenges they face.

5.

IBRD
IDA
The International Bank
for Reconstruction and
Development
The International
Development
Association
IFC
The International
Finance Corporation
MIGA
ICSID
The Multilateral
Investment Guarantee
Agency
The International
Centre for Settlement of
Investment Disputes