Trade Agreements And International Economic Organizations Working To Foster Trade

Description: The World Intellectual Property Organization (WIPO) is the United Nations organization dedicated to the use of intellectual property (patents, copyrights, trademarks, designs, etc.) as a means of promoting innovation and creativity. The General Agreement on Tariffs and Trade (GATT) is a multilateral agreement governing international trade. Description: Consumers International (CI) is the Global Association of Consumer Groups which, together with its members, is the only independent and decisive global voice for consumers. With more than 220 member organizations in 115 countries, CI is building a powerful international movement to protect and strengthen consumers everywhere. The IMF`s mission is to monitor the international monetary and financial system and to monitor the economic and financial policies of its 188 member countries. This activity is called “surveillance” and facilitates international cooperation. Since the end of the Bretton Woods fixed exchange rate system in the early 1970s, surveillance has developed largely through procedural changes and not through the acceptance of new commitments. The responsibilities of the Fund have changed from those of the guardian to those of the supervisor of member directives. The Fund generally analyses the adequacy of each Member State`s economic and financial policies for orderly economic growth and assesses the consequences of this policy for other countries and for the world economy.

Description: The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) is the regional development arm of the United Nations for the Asia-Pacific region. It consists of 62 Member States whose geographical scope extends from Turkey in the west to the Pacific island state of Kiribati in the east and from the Russian Federation in the north to New Zealand in the south. Founded in 1947 in Bangkok, Thailand, ESCAP strives to address some of the region`s major challenges by providing member States with results-oriented projects, technical assistance and capacity building in the following areas: macroeconomic policy and development, trade and investment, transport, social development, environment and sustainable development, information and communication technologies and disaster reduction, statistics, subregional, Development activities. APEC is a forum for 21 Pacific countries to promote free trade and economic cooperation throughout the Asia-Pacific region. The IMF works to promote global growth and economic stability. It provides political advice and financing to members in economic difficulty and also works with developing countries to help them achieve macroeconomic stability and reduce poverty. The reason for this is that international private capital markets function imperfectly and many countries have limited access to financial markets. Such market imperfections, combined with balance of payments financing, justify public financing, without which many countries could only correct large external payment imbalances through measures detrimental to national and international economic prosperity. The IMF can provide countries in need with other sources of financing that are not available without an economic stabilization program supported by the Fund. The WTO agreements require the IMF to consult when discussing foreign exchange reserves, balance of payments, and exchange rate regimes.

These agreements allow, for example, countries to apply trade restrictions in the event of balance of payments difficulties. The WTO`s Balance of Payments Committee bases its assessments of restrictions largely on the IMF`s finding of a member`s balance of payments situation. At the 1994 meeting in Bogor, Indonesia, APEC leaders adopted the Bogor Goals, which aim for free and open trade and investment in the Asia-Pacific region by 2010 for developed countries and by 2020 for developing countries. . . .