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INB 205 Wk 3 CheckPoint - South Korea Sociocultural Report - 20 of 25

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Axia College Material
Appendix B
International Relationships
Resources:
United Nations: www.un.org
World Trade Organization: www.wto.org
Complete both Part A and Part B.
Part A:
Complete the table below for both the United Nations and World Trade
Organization by providing a description of the Purpose, Major Functions, and
Current Members for each organization.
Part B:
Answer this question:
Select one organization; the United Nations, or the World Trade Organization.
What is the relationship between this organization and international business?
United Nations World Trade Organization
Purpose
According to the Charter of the
United Nations, the purpose of the
United Nations is to:
Maintain international peace
and security,
Develop friendly relations
among nations,
Promote and encourage
respect for human rights and
for fundamental freedoms
for all,
Achieve international co-
operation in solving
international problems and
Be a center for harmonizing
The World Trade Organization
(WTO) is the only
international agency
overseeing the rules of
international trade. It polices
free trade agreements, settles
trade disputes between
governments and organizes
trade negotiations (BBC.
March 2009).
It does this by:
Administering trade
agreements.
Acting as a forum for
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the actions of nations in
attaining these common
ends.
trade negotiations.
Settling trade disputes.
Reviewing national
trade policies.
Assisting developing
countries in trade
policy issues, through
technical assistance and
training programs.
Cooperating with other
international
organizations (WTO).
Major
Functions
The functions as defined in the United
Nations Charter are, primarily, to:
Make or initiate studies and
reports with respect to
international economic, social,
cultural, educational, health,
and related matters and make
recommendations with respect
to any such matters to the
General Assembly, to the
Members of the United
Nations, and to the Specialized
Agencies concerned.
Make recommendations for
the purpose of promoting
respect for, and observance of,
human rights and fundamental
freedoms for all.
Prepare draft conventions for
submission to the General
Assembly, with respect to
matters falling within its
competence.
Call international conferences
on matters falling within its
competence.
Co-ordinate the activities of
the Specialized Agencies
through consultation with and
recommendations to such
agencies and through
The functions of the WTO are:
1. The WTO shall facilitate the
implementation, administration
and operation, and further the
objectives, of this Agreement
and of the Multilateral Trade
Agreements, and shall also
provide the framework for the
implementation, administration
and operation of the
Plurilateral Trade Agreements.
2. The WTO shall provide the
forum for negotiations among
its Members concerning their
multilateral trade relations in
matters dealt with under the
agreements in the Annexes to
this Agreement.
The WTO may also provide a
forum for further negotiations
among its Members
concerning their multilateral
trade relations, and a
framework for the
implementation of the results
of such negotiations, as may be
decided by the Ministerial
Conference.
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