СВЈЕТСКА ТРГОВИНСКА ОРГАНИЗАЦИЈА KAO МЕЂУНАРОДНА ОРГАНИЗАЦИЈА ОД ОПШТЕГ ЗНАЧАЈА ЗА РАЗВОЈ МЕЋУНАРОДНОГ ПОСЛОВНОГ ПРАВА
WORLD TRADE ORGANISATION AS AN INTERNATIONAL ORGANISATION OF GENERAL IMPORTANCE FOR THE DEVELOPMENT OF INTERNATIONAL BUSINESS LAW

Summary/Abstract: The main objective of this paper is to explain the creation of the World Trade Organistion (WTO) through painstaking process of holding a series of the so-called rounds of negotiations, starting from Dillon Round, through Kennedy Round, Tokyo Round, Urugway Round, to the so-called Final Act of the Urugway Round of negotiations and founding WTO, its internal structure and bodies. The World Trade Organisation is an international organisation of general importance, and is highly significant for the development of international trade, including international business law. It was created as the result of expediting the process of globalisation and expending the domain of the aspect of free trade to the system of ’’freer trade” with the goal for further internationalisation and liberalisation of more expeditious movement of goods, services and capital followed by gradual elimination of non-tariff and tariff barriers.

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