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Unit 12 International Business Organizations;CONTENTS;TEACHING AIMS;Text A
World Trade Organization ;QUESTIONS;TEXT A Preview; The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round (1986-1994).;TEXT A Reading Comprehension ;TEXT A Notes;TEXT A Notes;3.Uruguay Round: The Uruguay Round was the 8th round of Multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986-1994 and embracing 123 countries as “contracting parties”. The Round transformed the GATT into the World Trade Organization.;TEXT A New Words and Expressions: ;TEXT A New Words and Expressions: ;TEXT A New Words and Expressions: ;TEXT A New Words and Expressions: ;TEXT A Assignment ;Text B International Monetary Fund;QUESTIONS;TEXT B Preview;TEXT B Reading Comprehension ;3. In 2008, faced with a shortfall in revenue, the International Monetary Funds executive board agreed to sell part of the IMFs gold reserves. ( )
4. At the 2009 G-20 London summit, it was decided that the IMF would require additional financial resources to meet prospective needs of its member countries during the ongoing global financial crisis. ( );5.A members quota in the IMF determines the amount of its subscription, its voting weight, its access to IMF financing, and its allocation of Special Drawing Rights (SDRs).( );TEXT B Notes;TEXT B Notes;TEXT B Notes;TEXT B New Words and Expressions: ;TEXT B New Words and Expressions:
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