Current location - Health Preservation Learning Network - Fitness coach - What is the legal system of WTO?
What is the legal system of WTO?
The legal system of WTO

The legal framework of the World Trade Organization was finally formed on the basis of GATT (1948), which was temporarily applied on the basis of GATT( 1948). After many multilateral trade negotiations, a series of agreements and protocols were revised, supplemented and supplemented, especially the "package agreement" reached in Uruguay Round. Therefore, the final text of the Uruguay Round of multilateral trade negotiations embodies the basic framework and content of the WTO legal system. The Agreement on the Establishment of the World Trade Organization and its four annexes constitute the legal system of the World Trade Organization. Agreement on the Establishment of the World Trade Organization The Basic Law of the World Trade Organization stipulates the purposes and principles, scope of activities, functions, organizational structure, membership system, legal status, decision-making mechanism, amendment of the agreement, etc. Annex I is Multilateral Agreement on Trade in Goods, General Agreement on Trade in Services and Agreement on Trade-related Intellectual Property Rights, Annex II is Understanding on Rules and Procedures for Dispute Settlement, Annex III is Trade Policy Review Mechanism, and Annex IV is Agreement on Government Procurement, Agreement on Trade in Civil Aircraft, Agreement on International Dairy Products and Agreement on International Beef. Among them, the International Dairy Agreement and the International Beef Agreement were terminated on 1997 12 3 1.

Annexes I, II and III, as multilateral trade agreements, must be accepted by all members without any choice. So it is called a package agreement, or a multilateral trade agreement. Annex 4 belongs to the plurilateral trade agreement, and WTO members can choose to sign it, which means that signing the plurilateral trade agreement will not affect their qualifications as WTO members. The plurilateral trade agreements of the WTO are only binding on the signatories, and members can choose to participate voluntarily.