- Mar 2020
- Core Course
Both primary and secondary source materials are used in the learning process. Therefore, students are advised to go through ‘The Results of the Uruguay Round of Multilateral Trade Negotiations: The Legal Texts (Geneva: GATT Secretariat, 1994). In addition to the above, one is required to rely on the decisions rendered under the GATT 1947 and the decisions of the WTO adjudicatory bodies.
The World Trade Organization (WTO), established and became operational on 1 January 1995 is, undoubtedly, the most prominent of all the international organizations regulating trade policies of its member states at the international level. While bringing into its fold a seemingly rule oriented approach, it continues to inherit some of the practices of the General Agreement on Tariffs and Trade (GATT) 1947. From functional point of view, the WTO has three main areas: (1) the GATT (dealing with trade in goods); (2) the General Agreement on Trade in Services (the GATS-providing for trade in services); (3) the Trade Related Intellectual Property Rights (TRIPS).
This course is intended to provide basic understanding of how the WTO regulates international trade. The course focuses on trade in goods, the GATT 1994; legal and policy aspects of the other topics covered under the WTO are excluded.
The WTO being the most influential intergovernmental organization, the subjects dealt with therein are assuming greater importance. People with having expertise in the WTO law are very much in demand.