PREVFinLit1 - IG (80p Protected Preview)

COPYRIGHTED MATERIAL

EXPLORING 21st CENTURY SKILLS and ISSUES

Name: _____________________________________________________________________________

Side Trip to the World Trade Organization The World Trade Organization (WTO) is the international organization whose purpose is to open trade for the benefit of all . Almost every nation in the world is a member of the WTO. Its goals are a strong and prosperous international trading system and global economic growth . To be 21st century financially literate, you need to know about the WTO. Let’s go to the WTO website at wto.org to learn more about this important organization. Go to About WTO on the menu bar. Select What is the WTO . Scroll to Who we are . 1. There are a number of ways of looking at the WTO. What are they? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 2. Where is the WTO headquartered ? __________________________________ 3. Who is the current Director-General of the WTO? __________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ • it is an organization for opening trade • it is a forum for governments to negotiate trade agreements • it is a place to settle trade disputes • it operates a system of trade rules • Non discrimination of countries among trading partners, and foreign and local products • More open trade by lowering trade barriers • Encouraging competition by discouraging unfair practices. • Encouraging predictable and transparent practices so businesses are confident about doing business in a country • Allowing less developed countries more time to adjust, greater flexibility and special privileges to encourage economic growth . • Enabling the protection of the environment including public, animal , and plant health . Geneva, Switzerland Roberto Acevedo PRODUCT PREVIEW Go to About WTO on the menu bar. Select What is the WTO . Scroll to What we stand fo r. 4. What principles does the WTO promote (stand for) ?

Lesson 17 | Breaking Down Barriers 326

Made with FlippingBook flipbook maker