Assignment On Trade Environment

INTERNATIONAL
BUSINESS

Executive summary
WTO (World Trade Organisation) was established to regulate the trade environment all over
the globe with an authorisation to comply with certain rules such as country`s commitments
on tariffs, liberalisation of the service market, and the agricultural subsidies (World trade
organisation, 2019). WTO has standardized and simplified customer process, centralised data
of the information, measures to simplify the trade actions, removal of red tape that is known
as the trade facilitation. It has become as one of the important subjects in the negotiations.

Contents
Executive summary..................................................................................................... 1
Introduction............................................................................................................... 3
Critically analyse of World Trade Organisation...................................................................3
Promoting global trade today with proper illustrations with WTO policies..................................5
Conclusion.............................................................................................................. 10
References.............................................................................................................. 12

Introduction
This report will present an analysis on WTO`s assistance in promoting global business in
today`s era. This analysis will carry the relevance of practises related to international
business, reasoning behind the creation and establishment of WTO and also its role behind
promoting cross border globalisation (World trade organisation, 2018). This will analyse
recent patterns related to international trading and its investment that would also come up
with market selection techniques. The report consists of specific illustration as being how
organisation affects country`s membership related to WTO inclusive of risks and challenges
(World trade organisation, 2018).
Critically analyse of World Trade Organisation
WTO (world international organisation) is a renowned international institute who has the
purpose of promoting free trade with pursuing the organisation to remove import tariffs with
other barriers. It is closely related to globalisation. The main objectivity is to help the trade
flows fairly, smoothly and predictably (Weissman, 2017). Abolishment of discriminative
nature of business helped the emergence of WTO with few features. WTO promotes non-
discrimination, stability of the trading system, free trade, huge range of issues, decision
related to meeting at ministerial level, multilateral trading system, and promotion of fair
dealings in terms of competition (Javorcik, and Narciso, 2017). For the trade commodities,
easy market access was the main aim of associating with WTO and their ability to develop
the country`s exports and plan to sell it to the developed country. Another motivating factor
that WTO avails is current negotiation facility during the trade reformation that is the effect
of increased exposure to the competition on the resources for poor farmers. WTO was started
on 1 Jan 1995 after signed by 123 countries. WTO is a mutual agreement under Marrakesh