What are the goals of WTO?

In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

What is a future development goal?

The Sustainable Development Goals are the blueprint to achieve a better and more sustainable future for all. They address the global challenges we face, including poverty, inequality, climate change, environmental degradation, peace and justice.

What are the six main areas of concern for the WTO?

The basic structure of the WTO agreements: how the six main areas fit together — the umbrella WTO Agreement, goods, services, intellectual property, disputes and trade policy reviews.

What are some of the achievements of the WTO?

In recent years, WTO members have agreed to streamline border procedures through a landmark agreement on trade facilitation projected to lift trade by over $1 trillion per year. They have also liberalised trade in information technology products and abolished harmful farm export subsidies.

What was the WTO decision on export competition?

The WTO’s 2015 decision on export competition eliminated export subsidies in agriculture, thereby delivering on Target 2.B of this goal. One of the main objectives under SDG 3 is to ensure access to affordable medicines for all. An important amendment to the WTO’s TRIPS Agreement recently entered into force.

What are the objectives of the WTO SDG 3?

One of the main objectives under SDG 3 is to ensure access to affordable medicines for all. An important amendment to the WTO’s TRIPS Agreement recently entered into force.

How much trade is covered by the WTO?

The agreement means that more than 97 percent of all global IT trade is now covered by WTO rules. A major potential plurilateral in progress is the Trade in Services Agreement (TISA), under negotiation since 2013 [PDF] among twenty-three members, including the EU but not China.