International Trade And Trade Organizations

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What is trade?
Trade is the process of exchanging of goods and services among parties for something they own. Money is used for the exchanging of goods and services which is easier than the previous barter system.
International Trade and Trade Organizations
Trade organizations are responsible for the rules of trade. One such organization is the World Trade Organization; this handles the global rules that govern trade. The WTO was birthed out of the General Agreement on Tariffs and Trade GATT, which was established in 1947 after World War II. The purpose of GATT was to reduce tariffs on goods in order to trade globally. The WTO took over and became the governing body for global trading in 1995. The responsibility of the WTO is to make certain that trading happens fairly, efficiently, and also in a way that can be predicted. The WTO controls the way goods are traded internationally. The WTO ensures that there is firmness and economic peace amongst its members. Currently there are one hundred and sixty two (162) countries that make up the WTO:
Jamaica 9 March 1995 (GATT: 31 December 1963)
United Kingdom 1 January 1995 (GATT: 1 January 1948)
Trinidad and Tobago 1 March 1995 (GATT: 23 October 1962)
United States of America 1 January 1995 (GATT: 1 January 1948)
Haiti 30 January 1996 (GATT: 1 January 1950)
Cuba 20 April 1995 (GATT: 1 January 1948)
These countries endorse the WTO rules, and the rules of their countries cannot be contrary to the WTO. Companies that do business internationally (export) must abide by WTO rules. If there is an interest to do business in another country, the WTO guidelines must be followed. Decisions are made with all members coming to an agreement, or in rare cases a majority vote may prevail. The WTO is al...

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...litical mediation in Jamaica
In Jamaica, the political ombudsman is the mediator among political parties. The role of the political ombudsman is to ensure that disputes that arise in the political arena are settled. The ombudsman facilitates fairness, transparency, integrity and accountability in the political process. This helps to strengthen the democracy of the country. In addition, the political ombudsman should be neutral; he or she cannot be a member of any cabinet. The person is appointed by the governor general with consultation from the Prime Minister and Leader of the Opposition. The current ombudsman is Donna Parchment Brown who is a dispute resolution specialist. She took office after the resignation of Bishop Herro Blair in 2013. The police as well as the support of the Electoral Commission of Jamaica work on resolving conflict between party supporters.

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