Wto next meeting11/18/2023 What does the World Trade Organisation (WTO) mean to New Zealand? encouraging of development – while WTO-based trade enables development, developing country members may need help building their capacity to implement their obligations under the WTO agreements.more competitive - by discouraging unfair practices such as subsidies and dumping and.predictable and transparent - so companies, investors and governments can be confident that the rules will not be changed, or trade barriers raised, arbitrarily.free - this means removing unnecessary barriers to trade.without discrimination - a member should not discriminate between its trading partners (the "most favoured nation" or MFN principle) and should not treat foreign goods and services differently from the way it treats its own (the "national treatment" principle).The WTO is based on the premise that trade should be: help developing country members comply with WTO rules.review the trade policies of individual members.oversee the negotiation and implementation of agreements. ![]() New Zealand's Permanent Mission in Geneva works together with MFAT's Trade Negotiations and Legal Divisions and a range of New Zealand Government agencies to represent the New Zealand Government at the WTO. New Zealand joined the WTO when it was created in 1995, replacing the General Agreement on Tariffs and Trade organisation that was formed in 1947. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible between its members. The World Trade Organization deals with the global rules of trade.
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