Transcript Organizations Influencing Trade

Organizations Influencing Trade
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World Trade Organization (WTO)
• Formerly known as the General Agreement
on Tariffs and Trade (GATT).
• Its members agree to ongoing negotiations
and to reducing tariffs and trade restrictions.
• WTO also contributes to world peace by
allowing disputes to be handled
constructively.
World Economic Forum
• Independent, not-for-profit foundation formed
in 1971.
• It is committed to raising the level of
corporate citizenship in its member
countries.
• It works to define key international issues
• Some of these issues include:
– Development and investment in Africa, the global
health initiative and debt relief in African nations.
Organization of Economic
Cooperation and Development
• Consists of developed and developing
nations that help formulate social, economic,
trade, development, education and scientific
policies.
• It allows governments to discuss and
develop economic policy.
• Another aim is to cut down on bribery and
corruption in world markets.
• It is financed by member countries according
to the weight or size or the economy.
World Bank Group
• Largest source of development assistance,
providing nearly $16 billion USD in loans.
• Uses resources to help developing countries
onto a path of stable, sustainable growth in
the fight against poverty.
• It supports countries with financial
assistance and partnerships.
International Chamber Of Commerce
• World business organization promoting open
international trade and investment.
• Trade is a powerful force for peace and
prosperity.
• Established in 1919.
• Govern the conduct of businesses across
borders including shipping and transactions.
• Acceptance of rules are voluntary.
International Monetary Fund
• Focus is on international monetary
cooperation and stability in foreign
exchange.
• IMF has 182 member countries.
• Provides temporary financial
assistance to countries to help ease
economic difficulties.
National Organizations- Canadian
International Development Agency
National Organizations- VSO
Canada
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