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Hablemos de la OMC
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Hablemos de la OMC

What is the Role of the WTO in Global Trade?

Introduction to WTO and Its Purpose

  • The World Trade Organization (WTO) serves as a platform for countries to negotiate trade agreements, set rules, and discuss new disciplines.
  • The WTO facilitates accountability among member nations, ensuring they adhere to agreed-upon practices without acting as referees.

Historical Context and Importance of Economic Cooperation

  • Post-World War II, governments recognized that establishing trade rules was essential for fostering economic cooperation, which is vital for peace and prosperity.
  • The WTO encompasses both large and small economies, providing equal representation where every member has a voice in decision-making processes.

Stability Through Rules

  • Agreed-upon rules create stability necessary for businesses to thrive, leading to job creation and economic growth.
Video description

La Organización Mundial del Comercio (OMC) es el foro para las negociaciones y el establecimiento de normas para el comercio entre los países. Está dirigida por los 164 gobiernos que son Miembros de la OMC, con la asistencia de funcionarios independientes. Roberto Azevêdo, que es el Director General y está encargado de dirigir a esos funcionarios, y Vonai Muyambo, Oficial de Relaciones Exteriores, nos hablan acerca de por qué fue creada y cómo funciona la OMC.