What is the world trade organisation?
The world trade organisation is an international regulatory body that is responsible for negotiating trade agreements, policing the rules of international trade and settling disputes involving one or more member nations.Who are the members of the WTO?
The world trade organisation has 153 members of which they account for 97% of the value of international trade. The most recent member to join was the Ukraine in 2008. The WTO was formed in 1995 by the world’s biggest trading players such as the USA, the UK, Germany and India.
China became a member in 2001.
What Does the WTO actually do?
The WTO has a statement of responsibility in which it states it will regulate world trade in accordance with non-discriminatory, predictable and fair policies. Whilst allowing trade to benefit developing nations through fair competition and removing their entry barriers into western markets.
What was the Uruguay round?
The Uruguay round was a WTO meeting in which key policy changes were made. Tariffs on industrial products were to be cut by 40% in the years 1995-2000, the end product of this was average cuts from 6.3 to 3.8%. Also developing nations were able to get the number of high tariffs down on their goods. The average number of goods with a tariff of 15% or more fell from 9% to 5%. Binding agreements were also decided whereby developed and developing nations 
cannot increase their tariffs above a pre-agreed level.
cannot increase their tariffs above a pre-agreed level.What Was The Doha Round?
The Doha round was held in Qatar in the Middle East. It was another WTO agreement in which improving conditions for the developing nations took centre stage. Industrialised nations agreed that by 2013 they would not subsidise any of their export industries. Also for the extremely impoverished nations, a “everything but arms” initiative was created by which they can sell their products to the western markets with no tariffs, this deal covers about 97% of these nations exports.