WTO

World Trade Organization

President: José Pérez Jiménez

Chair: Santiago Gutiérrez Caycedo, Daniel Makoszay Castañón, Laura Mariana González Beltrán, Luis Elías Espinosa Morales y Emily Mirelle Martínez Yañez

Topic A) Measures to limit the economic repercussions of the trade conflict between the United States of America and the People’s Republic of China focusing on the European Union  

​Topic B) Actions to digitalize the economy of Latin America through the employment of regulations for electronic commerce

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Background and powers of the committee

The World Trade Organization (WTO) is in charge of establishing and supervising the compliance of international rules for trading under the established by the WTO Agreements, moreover, it is also a forum that allows negotiation between governments as well as the resolution of disputes and conflicts related to trades and commerce. Founded on January 1st, 1995, the organization has its origins on the General Agreements on Tariff and Trade (GATT) which contemplated international agreements and regulations for the trading of goods and was constituted by 128 contracting parties. When the organization was established it started to consider the trade of services and intellectual property as well; the contracting parties became members of the organization and, nowadays, it has 164 members and 25 observers. The WTO is not an organ nor a specialized agency of the United Nations, nonetheless, both organizations maintain a close relationship that is ruled by the Arrangements for Effective Cooperation with other Intergovernmental Organizations-Relations Between the World Trade Organization and the United Nations. These arrangements authorize and encourage the participation of the organization in the General Assembly and in the Economic and Social Council meetings along with a particular collaboration between the United Nations Conference on Trade and Development and the organization. 

Faculties:
 
 

  • Handle trade disputes and be a forum for trade negotiations: The organization can handle any dispute regarding interest conflict or disagreement between the negotiating parties, in this case the WTO must initiate a problem solving process. 

  • Monitor National Trade Policies: This faculty authorizes the organization to supervise the member states trade policies and ensure that they follow the WTO agreements regulations. 

  • Cooperate with other international organizations

  • Provide technical assistance and training for developing countries: The World Trade Organization has the means to assist developing countries in topics such as international commerce and in the implementation of a multilateral trading system. 

  • The organization operates in divisions, the principal ones are the following:

    • Accessions division: Assists in negotiations between member states and entities that request accession to the organization (WTO, n.d.).

    • Economic Research and Statistics division: Monitors and analyses economic development. 

    • Information Technology Solutions Division: It is in charge of the correct operation of the IT infrastructure of the organization. 

    • Trade policies Review Division: Is responsible for supervising how the member state’s policies are carried out.