Page 250 - International Marketing

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252 International Marketing BRILLIANT'S

3. General Agreements on Trade in Services.
4. Understanding on Rules and Procedures governing the settlement
of Disputes.
5. Plurilateral Trade Agreements.
6. Trade Policy Review Mechanism.
WTO Structure
The organization structure of the WTO is outlined in the following
chart:
The Ministerial Conference (MC) is at the top of the structural organi-
zation of the WTO. It is the supreme governing body which takes ultimate
decisions on all matters. It is constituted by representative (usually, Min-
isters of Trade) of all the member countries.
The General Council (GC) is composed of the representatives of all
the members. It is the real engine of the WTO which acts on behalf of the
MC. It also acts as the Dispute settlement Body as well as the Trade
Policy Review Body.
There are three councils, viz; the council for Trade in services and the
council for Trade Related Aspects of Intellectual Property Rights (TRIPS)
operating under the GC. These councils with their subsidiary bodies carry
out their specific responsibilities.

Structure of WTO
Ministerial Conference
(MC)
General Council
(GC)
Dispute Trade Policy
Settlement Review Body
Body (TPRB)
(DSB)
Councils: Director Committees
I.II,III General I,II,III
(DG)
I. For I.On Trade &
Trade in Development
Goods
II. For Trade in Services Secretariat of the II. On BOP
WTO Restrictions
III. For Trade
Related III. On Budget
Aspects of Finance &
Intellectual Administration
Rights