There are a number of ways of looking at the WTO. It is an organization for liberalizing trade. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. The WTO is a place where member governments go, to try to sort out the trade problems they face with each other.
At its heart are WTO agreements, negotiated and signed by the bulk of the world's trading nations.
|1st||Singapore, 9-13 December 1996||Statement|
|2nd||Geneva, 18-20 May 1998||Statement|
|3rd||Seattle, November 30-December 3.1999||Statement|
|4th||Doha, 9-13 November 2001||Statement|
|5th||Cancun, 10-14 September 2003||Statement|
|6th||Hong Kong, 13-18 December 2005||Statement|
|7th||Geneva, 30 November-2 December 2009||Statement|
|8th||Geneva, 15-17 December 2011||Statement|
At the Fourth Ministerial Conference in Doha, Qatar, in November 2001 WTO member governments agreed to launch new negotiations. They also agreed to work on other issues, in particular the implementation of the present agreements. The entire package is called the Doha Development Agenda(DDA).
The DDA Negotiations focus on as follows;Agriculture, NAMA(Non-Agricultural Market Access), Services, Rules, Trade Facilitation, TRIPS, Environment, Development, Dispute Settlement.
Trade Policy Reviews focus on members' own trade policies and practices. But they also take into account the countries' wider economic and developmental needs, their policies and objectives, and the external economic environment that they face.
The frequency of the reviews depends on the country's size. The ROK is reviewed every four years.
As one of the top countries in terms of trade volume, Korea has been involved in a large number of international trade disputes. Especially since the establishment of the WTO, Korea has been actively protecting its trade interests by using the WTO dispute settlement procedure against unfair trade practices of its trading partners and against complaints brought against Korea’s economic system and trade measures. Through the effective use of the WTO dispute settlement process, the Korean government has contributed to directing Korea’s trade policy to conform with international trade standards based on the WTO agreements.
The Korean Government will continue to strive to protect its trade interests and prevent unreasonable import restrictions of other member countries through effective use of the WTO dispute settlement procedure.