Business Strategies and Challenges: World Trade Organisation Report

This report delves into the World Trade Organization (WTO), examining its crucial role in international business and trade. The report begins with an introduction to the WTO, highlighting its significance in global commerce and its function as a replacement for the General Agreement on Tariffs and Trade (GATT). It then explores the literature review, emphasizing the importance of understanding the WTO's motivations and key functions. The analysis section provides a comprehensive overview of the WTO's functions, including the implementation of rules and regulations, opportunities for member countries, provision of resources, and administrative support. It also discusses the reasons for the WTO's formation, such as the limitations of its predecessor and the need for a more comprehensive trade framework. Furthermore, the report identifies and analyzes the challenges faced by the WTO, such as maintaining credibility and addressing the complexities of international trade. The report concludes with a summary of the key findings and their implications for the future of global trade, emphasizing the WTO's ongoing efforts to promote harmony and resolve trade-related issues among its member countries. The report also provides insights into the WTO's key functions and associated challenges, including international business management, trade and tariff, and its role in providing assistance to member countries.

Business Studies

Table of Contents
INTRODUCTION...........................................................................................................................3
LITERATURE REVIEW................................................................................................................3
ANALYSIS......................................................................................................................................4
Reasons........................................................................................................................................4
Key functions of WTO:...............................................................................................................6
Challenges associated..................................................................................................................7
Theory of practice........................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................1
Executive summary
There are enormous countries taking part where they discuss about the things that are pertaining
in their organisation. The WTO insist promoting harmony where there seems to be a lot of scope
that is incorporated among the crew of the countries that are being discussed and highlighted.

Issues that are to be sorted out are mentioned and are provided with complete understanding.
WTO is considered to be one of the finest organisations and it has been a replacement for the
previous organisation.

INTRODUCTION
Business strategies are said to be one of those finest aspects that are to be implemented at every
organisation in order to carry forward the trade as well as internationally. There is a kind of
substantial basis that is referred to a particular organisation in order to look after the trade of
every business where they are mostly different countries that are following and that organisation.
The entire report deals with the business strategies that with regards to the company world
trading organisation which are put forth along with their key functional aspects and the
challenges that are being highlighted in the report (Bhattacharyya and Verma, 2019. Trading
organisations are said to be impact in the world countries where there seems to be a lot of tariffs
and trade that are being discussed in this organisations. There are enormous countries taking part
where they discuss about the things that are pertaining in their organisation. The WTO insist
promoting harmony where there seems to be a lot of scope that is incorporated among the crew
of the countries that are being discussed and highlighted. Issues that are to be sorted out are
mentioned and are provided with complete understanding. WTO is considered to be one of the
finest organisations and it has been a replacement for the previous organisation. It is carry
forwarding the task that are related to the international business aspects along with the countries
that are involved in it. The trade and evaluation that is being performed by this organisation is
said to be immensely incorporated and therefore there is a feasibility of expansion to further
extend.
LITERATURE REVIEW
Demonstration and understanding of motivation is required for every organisation in order to
understand the policies that are to be adopted by the company. When an organisation is working
in a particular environment it seems to be essential factor to go with the motive that are required
for it to perform its duties (Barlow and et.al, 2018). That for a proper enhancement about the
things that are to be incorporated will have to be adopted by the company in order to deliver the
things that are required. For this purpose a complete understanding about the motivations of the
company or the organisation WTO will help it to stand form and its formulations appoint trading
and tariff oriented. Things will fall into place when once the plan is executed. Therefore in order
to execute the plan it is a mandatory aspect in order to go with the formulations. A perfect
demonstration requires the perfect formulation and this is put forth. key functions are said to be
the finest assets of the company where the duties as well as responsibilities of the organisation

are mentioned full stops without key functions That seems to be no task accomplished. For an
immense company like World Trade Organisation the key functions are mandatory to be
performed. Therefore that the different key aspects are mentioned in this article which will help
to analyse the implementation rules and regulations that are to be incorporated in the
organisations as well as the opportunities that are associated with. The term provision is being
discussed which will help to analyse the organisations requirements. The deliverance that is
given by the company is also understood by the administration policy that is being highlighted.
Usage of resources is considered to be one of those aspects that will help to understand the
amount of resources that are to be stipulated for a particular operation. Therefore the usage of
resources has been wonderfully put forth in order to explain the lack as well as predominance.
Challenges are said to be the common factors in every operation and with regards to the business
environment that said to be different challenges associated (Ciuriak, 2019). There is no step un
tried with challenges as well as facing them with immense efficiency. For a trading centre there
seems to be different challenges that are to be analysed. For suppose if the trading organisation is
the WTO then the different challenges that are incorporated in the company will include that of
promotion expansion complementarity and augmentation. Every aspect is finally analysed and
will have to we work about that will help other companies regarding the built-in negotiations.
Expansion is said to be that factor which is essential factor for every company to move Overseas.
For a company which has achieved the major fame and reputation in one region definitely the
organisation will look forward in expanding its trade to other regions for better growth factors.
Expansion is the most probable factor that is to be analysed. All the different enhancements that
are incorporated by the companies it seems to be different challenges that are associated. when
operating overseas there is an immense barrier that is being faced by the organisation which will
help to overcome the obstacles in future. Therefore, analysing challenges will give a deep hope
of going and moving forward towards better growth trajectory.
ANALYSIS
Reasons
The World Trade Organisation is regarded to be one of those biggest platforms which consists of
164 countries in which discuss upon the policies as well as the technologies that are included in
the business trade (Farajzadeh and et.al, 2017). The major focus of this organisation is trade
where it ensures that all the possible steps are to be incorporated and will have to be divided

accordingly in order to carry out a smooth and a feasible trading with all the business aspects.
This indeed is regarded as the biggest platform that will put for the organisational policies that is
almost followed by many. The governments intervention is also included in this upon which
there are certain rules and regulations that are implemented and are distributed at regular
intervals. The reasons behind the formation of world trading organisation are as follows:
Replacement: World trading organisation is actually known to be a replacement of general
agreement on tariffs and trade. The qualities that are required for an organisation in order to
tackle with the things that are on board are said to be lacking in general agreement on tariffs and
trade and therefore there is a possibility of evolving another community which is called the
world trading organisation which will enforce the rules and regulations that are required to
operate and to operate in the sense of carrying out the mechanism of its applications.
Applicability: the trivial organisations trading policy as well as jurisdiction was only applicable
to particular standards whereas there is a lack of service that is being given to the other
organisations as well as investment trade. Therefore, the organisation will have to be replaced by
the WTO which has further leads to one of the major steps that carry forwarded investment and
trade.
Limitations: there are certain limitations that are imposed by the previous organisation which
are regarded as vulnerable. Therefore, the limitations are to be specified in a particular manner
that will suit the organisations to adopt as well as to manage their trade. with this as being the
major reason the organisation was being replaced by WTO. The WTO has been incorporated in
such a way that it has policies which will benefit the other organisations in order to carry out a
sustainable trade with the other investors.
Rules: rules are said to be the norms that are incorporated by every organisation as well as they
said to be representing one of the formal aspects of a company. Therefore, the rules of the
organisation general agreement on tariffs and trade is said to be one of those distracting factors
that has led to its downfall. Therefore, after the replacement of this particular organisation with
WTO there seem to be a major enhancement in the policies that are adopted which are settled
disputes among different countries and it is regarded to be one of the finest replacements against
discrimination.

Key functions of WTO:
Implementation of rules and regulations: Rules and regulations are said to be the common
aspects with every organisation therefore the rules and regulations are to be certainly elementary
and will have to be easily Incorporated. For trading or other organisations like WTO there seems
to be an enormous concern with regard to the tariffs as well as trade. Therefore, the rules and
regulations will act as the entities of development. When an organisation is particularly dealing
with the different countries in a space that said to be certain rules and regulations are to be
incorporated and which are to be followed by the different organisations that are there in the
union. Therefore the major key function of WTO is to develop new rules and policies that are to
be inherited and adopted by all the companies.
Opportunity: Opportunities will act like a thread to more growth prospects. For the trading
organisations they seem to be different opportunities that are associated with its trained.
Including strategies that are required for international business management will drive many
opportunities and will lift the company. This will also drive the reputation of the company which
will enhance its prospect another function of WTO is to develop the members of the organisation
upon coming up with their views of discussing their plans of future and to implement strategies
that are related to their particular field. This will in return drive away the fear of collaborating
with other members of the crew to discuss about the trade and tariff.
Provision: being an organisation that is looking after all the organisations as well as there seems
to be different in corporations that are to be made among by the WTO. Therefore, it focuses
upon providing all the facilities that are required by the organisations to run as well as the
measures to adopt policies and mostly multilateral and bilateral agreements.
Administer: If providing policies and discussing the rules that are to be needed and incorporated
by the company is on one hand then the act of Administration said to be acting on the other hand.
When Administration is completely fulfilled then the particular policies that are being adopted
and implemented in the company can be easily applicable to them according to their standards
(Hoekman and Mavroidis, 2020).
Usage of resources: what is meant as well as the resources are limited. Therefore, the major aim
of WTO is to ensure that all the organisations are supplied with surplus resources as well as there
is no lack of resources to some companies. Therefore, administering them at regular intervals
will provide everybody with their stipulated count and therefore there will not be a scope for

negotiations. Providing assistance: there are certain organisations both nationally as well as
internationally that cannot carry forward their trade personally. Therefore, a proper assistance
will have to be given to such trade and the WTO as the one that will fulfil the international
organisation by giving them their assistance that is required for the company is mainly which are
IMF and IBRD.
Challenges associated
There seems to be an amount of immense credibility that will have to be maintained by the WTO
in order to flourish in the future. This seems to be one of the most challenging aspect as well as
the company is involved in receiving more challenges in the further aspect. The members of the
company will have to work upon the progress of the company by likely implementing things that
will impact in a good result that is achieved in this particular century. Therefore, there are
different challenges in this context.
Promotion: the promotion here is said to be one of those finest aspects features related with the
trade liberalization and the initiatives that are incorporated. The company will have to focus
upon facing challenges including the built-in negotiating agenda that is a mandatory to be
implemented in order to look after the future aspects.
Expansion: any company or any organisation mainly focuses upon expanding its trade Overseas.
That for the company WTO will have to include this in its agenda with a proper expansion that
will also compete with the other organisation that is working in this scenario. Expanding any
company will implement things that will contribute towards the growth of the organisation.
Therefore, the company will have to highlight this as a major point of challenge and its agenda.
Complementarity: there are certain trade reforms that are to be enjoyed up on the
complementarity and WTO must focus upon entering that path in order to seek for the
circumstances and to stand firm with the challenges in this aspect.
Augmentation: augmentation is referred to be one of those finest aspects that is incorporated by
the company WTO. Therefore, in order to ensure the institutional reforms are in the correct order
there is to be a certain augmentation that is to be performed. Therefore, the company will have to
focus upon the challenges with regards to the augmenting of the institutional reforms in order to
make sure that a correct accuracy is followed up on analysing.

Theory of practice
There seems to be different ministerial conferences that are held under WTO. The different areas
of practices will be applicable upon circumstances that are dealt with in the WTO where there
are the issues that are discussed on international levels. Conferences are held at regular intervals
and in different places in order to identify the trade barriers and what are discussed and
concluded upon the measures to tackle. Therefore the different measures are as follows: Some of
them are as follows:
Singapore ministerial conference: This conference took place in Singapore and December
1996. This conference was with the scope of carry forwarding the investment as well as the
competition policy that are required for the organisation in order to deal with the abutment of the
controversy. Upon this conference there seem to be existing a pressure which is a significant one
by all the developed countries that are part of the conference. Different investment as well as the
trade strategies along with that proposals were made in this conference which was meant to be a
transparent version. As a part of conclusion one of the most tactical decision was made by the
organisation.
Geneva ministerial conference: This was held in Geneva in the year 1998. That seems to be an
important mechanism that was developed and implemented during this particle conference for
stock lot of proposals were sponsored and therefore the duties were elaborated upon different
discussions and agreements. The topic of electric commerce was the major centre of attraction
for this conference where different placing orders as well as implementations were discussed. As
a part of the conference there seems to be a conclusion that is drawn where the number of
discussions as well as the transfer of goods planning and that was made with proper designs and
drawings.
Seattle ministerial conference: this particular conference was held in Seattle and November
1999. there were a lot of negotiations that were discussed in this particular conference and there
were different companies that were already developed as well as those that was started which
mingled in the conference. The issues upon investment, competition policy, Government
procurement were all discussed in this particular conference and therefore the conclusion that is
drawn lead to a total decision which vanished the confusion that was existing over a long period
of time.

Doha ministerial conference: This particular conference was held in Doha in 2001. This
conference is a part where there were multilateral trade negotiations which were discussed and
were highlighted such that there can be a transparency that will be adopted in the government
which will facilitate trade (Mitchell, 2017). This particular trade there were also the other
conferences that were highlighted and their points were discussed such that they can be special
as well as different serial treatment that can be derived.
Cancun ministerial conference: this conference was held in Mexico and September 2003. The
conference was held as a part of the discussion which has bring for the aspects of Agricultural
Exports. there are different issues that are pertaining as a part of the agricultural exports and their
subsidiaries for the this. Therefore, the development strategies in order to eradicate the
negotiations of agricultural goods transport two other countries has been discussed here. As a
part of the conclusion process That seems to be a clear transparent atmosphere that has achieved
with proper Strategies and agreements followed by declaration.
CONCLUSION
The entire report discusses upon the factors of business strategy. The company world trading
organisation is being mentioned in this report along with the prospects of its trade. The report
concludes upon explaining the factors that determine the organisation. The reasons for its
establishment as well as its involvement is being discussed in the report which will help to
analyse the aspects that are involved in maintaining an organisation. World trading organisation
deals with many prospects of trade and tariffs. Everything is being depicted in this report with
the perfect explanation about the reasons which will get a clear view of the different reasons such
as replacement, applicability, limitations and rules which will bring forth the essence of its
establishment. The key functions of WTO are being mentioned in the report which helps to
understand the implementation of rules and regulations, opportunities, provisions and
administration usage of resources in the better possible manner. There are many challenges that
are associated with other companies as well as that with the trading associations so with the
WTO organisation. This is put forth in the most elaborative manner which includes promotions,
expansion, complimentarity and nominations which will help to analyse the challenges that are

associated with them. The theory of practices of the organisation weather different conferences
that were held in different places is being put forth. Some of which practices includes Singapore
ministerial conference, Geneva ministerial conference, Seattle ministerial conference, Doha
ministerial conference and Cancun ministerial conference which will bring forth how the
managerial actions were done by WTO.

REFERENCES
Books and journals
Bhattacharyya and Verma, 2019. The intellectual core and structure of international business
strategies (IBS). Review of International Business and Strategy.
Barlow and et.al, 2018. Trade challenges at the World Trade Organization to national
noncommunicable disease prevention policies: a thematic document analysis of trade and
health policy space. PLoS medicine. 15(6). p.e1002590.
Ciuriak, 2019. World Trade Organization 2.0: Reforming Multilateral Trade Rules for the Digital
Age. CIGI Policy Brief, (152).
Farajzadeh and et.al, 2017. Trade reform in Iran for accession to the World Trade Organization:
Analysis of welfare and environmental impacts. Economic Modelling. 63. pp.75-85.
Hoekman and Mavroidis, 2020. Preventing the bad from getting worse: the end of the World
(Trade Organization) as we know it?. Robert Schuman Centre for Advanced Studies
Research Paper No. RSCAS, 6.
Mitchell, 2017. Sanctions and the World Trade Organization. In Research Handbook on UN
Sanctions and International Law. Edward Elgar Publishing.
Online
World Trade Organisation[Online]. Available through: <
https://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm>
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