Page 70 - law prep tutorial gk compendium 2021.cdr

CLAT 2021 21 Year Experienced Team

hope for a successful political transition from a closely held military rule to a free democratic system.
f Now, Myanmar operates de jure as a unitary assembly-independent republic under its 2008 constitution.

f The president is the head of state and de jure head of government, and oversees the Cabinet of Myanmar.
f The Commander-in-Chief of the Myanmar Defense Forces has the right to appoint 25% of the members
in all legislative assembly which means that legislations cannot obtain super-majority without support
from the Military. This prevents the democratically elected members from amending the 2008
Constitution of Myanmar.
f Burma's judicial system is limited. British-era laws and legal systems remain much intact, but there is no
guarantee of a fair public trial.
f In Burma, the judiciary is NOT independent of the executive branch.

New Director General of WTO

Nigeria's Ngozi Okonjo-Iweala was appointed was appointed as Director-General of the World Trade
Organisation (WTO) as it seeks to resolve disagreements over how it decides cases involving billions in sales
and thousands of jobs.
World Trade Organization (WTO)
f The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the
regulation of international trade between nations.
f It is the largest international economic organization in the world.

f The headquarters of the World Trade Organization is in Geneva,Switzerland.
f The WTO deals with regulation of trade in goods, services and intellectual property between participating
countries by providing a framework for Negotiating trade agreements and a dispute resolution process
aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of
member governments.
f The WTO prohibits discrimination between trading partners, but provides exceptions for environmental
protection, national security, and other important goals.
f Trade-related disputes are resolved by independent judges at the WTO through a dispute resolution
process.
f The WTO has 164 members (including European Union) and 23 observer governments (like Iran, Iraq,
Bhutan, Libya etc.)

f India is a founder member of the 1947 GATT and its successor, the WTO.
Origin of WTO
f The WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in
1947.
f The Uruguay Round (1986-94) of the GATT led to the WTO's creation.WTO began operations on 1st
v
January, 995.
f The Agreement Establishing the WTO, commonly known as the “Marrakesh Agreement”, was signed in
Marrakesh, Morocco in 1994.

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