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Axia College Material Appendix B

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    INB 205 Axia College Material Appendix B In the context of the World Trade Organization (WTO), discuss its role in facilitating international business. How does the WTO promote global trade stability, and what are some challenges or criticisms it faces in relation to issues like sovereignty, environmental protection, and labor/human rights? Please provide a detailed response with a minimum of 300 words.

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    INB 205 International Relationships Resources:  United Nations: www.un.org  World Trade Organization: www.wto.org Complete both Part A and Part B. Part A: Complete the table below for both the United Nations and World Trade Organization by providing a description of the Purpose, Major Functions, and Current Members for each organization. Part B: Answer this question: Select one organization; the United Nations, or the World Trade Organization. What is the relationship between this organization and international business? United Nations World Trade Organization Purpose The United Nations’ aims are set out in the preamble to the UN Charter: to maintain international peace and security, to develop friendly relations among nations, to achieve international cooperation in solving economic, social, cultural, and humanitarian problems and in promoting respect for human rights and fundamental The World Trade Organization (W.T.O.) is a Federation of about 130 countries. Some are big like the U.S and some are small like Belgium. W.T.O. does not represent the consumers of each nation. It is not about creating the opportunity for consumers to buy at the cheapest possible price. The W.T.O. is an organization of corporations and the governments that represent them -- in the

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    INB 205 freedoms, and to be a center for harmonizing the actions of nations in attaining these common ends. process of negotiating the opening of each other's markets, and investment opportunities. Major Functions The United Nations include the Security Council, the General Assembly, the Economic and Social Council (ECOSOC), the International Court of Justice, and the Secretariat. (The Trusteeship Council, an original principal organ, suspended operations in 1994 when it fulfilled its function by overseeing the independence of the UN’s last remaining trust territory. In addition to its principal organs, the United Nations system is made up of a complex mix of commissions and funds created by the General Assembly, such as UNICEF (UN Children's Fund) and the World Food Program; specialized agencies, such as the World Health Organization and The W.T.O. is negotiating a reduction in trade barriers. It is negotiating rules for foreign investment and financial services like banks and insurance companies with customers in other countries. The enforcement of each other's patents and copyrights within the federation.

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    INB 205 the International Monetary Fund; and other UN entities, such as the Office of the High Commissioner for Human Rights and the peacekeeping missions established by the Security Council. Current Members The United Nations currently has 191 member states:  Afghanistan  Albania  Algeria  Andorra  Angola  Antigua and Barbuda  Argentina  Armenia  Australia  Austria  Azerbaijan  Bahamas  Bahrain  Bangladesh  Barbados The World Trade Organization (W.T.O.) is a Federation of about 130 countries: Albania 8 September 2000 Angola 23 November 1996 Antigua and Barbuda 1 January 1995 Argentina 1 January 1995 Armenia 5 February 2003 Australia 1 January 1995 Austria 1 January 1995 Kingdom of Bahrain 1 January 1995

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