PGDM-International Business organised a guest session to give insights about WTO Structure for the first year students on 18th Nov 2021
Introduction of speaker:
Ms. Pratistha Saxena is a postgraduate from The Geneva School of Diplomacy & International School and had working experience as an intern Communications Intern at WeRobotics and as Internship Trainee under United Nations Institute for Training and Research (UNITAR). Currently working at Permanent Mission of Maldives to the UN, Geneva.
Topic Introduction:
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade between nations. Governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP.
To know how WTO facilities trade across the world we can understand with the example of a ‘I, Pencil’ theory given by Leonard E. Read. It shows how the formation of a pencil helps in overall economic growth with the creation of various employment opportunities like transportation, restaurant, workers in factories even it helps in increasing import export between the countries because the wood that is used for the production of pencil is Cedar and it is mostly imported by India from USA.
Information regarding Internships:
She also introduced us with various kind of internships provided in different kind organisation like:
§ We can apply for NGOs i.e. Save the Child, CRY for international exposure.
§ We can apply for organization having ECOSOCs status.
§ Embassies/ PMs
§ MEAs
§ UN umbrella agencies like WTO, WHO, UNICEF, UNESCO, UN Women, WIPO, ITO, WFD.
For applying on the above mentions UN umbrella agencies we have to make our resume under UN Inspira
Current Crisis under UN: -
§ Absence of a Appellate Body and conflict on election Dr. Ngozi Okonjo-Iweala as the 3rd member
§ Crisis on Fisheries
§ International Boundaries
The session was very insightful and knowledgeable for the students who wanted to pursue their career in International Business.