Also, the WTO rules do not allow a country to favour the imports of one country over those from another. ... The UN has sponsored a Global Compact to establish and promote a shared set of core values in the areas of labour standards, human rights and environmental practices between the UN and the business community The Organisation for Economic Cooperation and Development (OECD) develops economic and social policy for its 29 members, which include the countries of North America, Western Europe (including Czech Republic, Hungary and Poland) and Japan, Korea, Australia and New Zealand. ... Th...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate

To do so, developed countries enact an orderly market agreements which allow them to reduce or restrict specific imports ("TMB", 2014). ... The new agreements include the General Agreement on Trade in Services (GATS), the Trade-Related Intellectual Property Rights (TRIPS) and the Agreement on Trade-Related Investment Measures (TRIMS) (Cohns, 2012, p. 196). ... The General Council is also made up of all members of the WTO and reports directly to the Ministerial Council, acting on its behalf. ... Beneath the General Council is the Council for Trade in Goods, the Council for Trade-Relat...

• Word Count: 2837
• Approx Pages: 11
• Has Bibliography
• Grade Level: Undergraduate