b'Appendix 22: List Of International Organisations of Which the UK is a MemberTRADE & DEVELOPMENT World Trade Organisation (WTO)Group of Eight (G8) The World Trade Organisation (WTO) has 159The G8 is a collection of countries that form members. The WTO specialises in five areasa group on the basis that they have the including: trade negotiations; Implementationhighest GDP in the world. The G8 is made and monitoring of member governmentsup of heads of government from Canada, trade policies; dispute settlement using WTOFrance, Germany, Italy, Japan, the Russian procedure for resolving trade quarrels toFederation, the United Kingdom ensure trade runs smoothly; building tradeand the United States. The European Union capacity (particularly in developing countries)is also represented at meetings by both and finally; outreach work to NGOs whichthe president of the European Commission helps to raise awareness and co-operationand the leader of the country that currently surrounding the WTOs activities.has the European Union presidency. The members meet annually in an attempt to United Nations Commission ondiscuss and reconcile issues. International Trade Law (UNCITRAL) A legal body within the United NationsThe World Bank specializing in worldwide commercialThe World Bank is based in Washington, law reform. UNCITRALs business is theDC and has over 120 offices worldwide modernization and harmonization of rules onproviding financial and technical assistance international business. UNCITRAL formulatesto developing countries. It provides low modern, fair, and harmonized rules oninterest loans, interest-free credits and grants commercial transactions. The Generalto such countries. The World Bank Group Assembly noted when the Commission wasis made up of five institutions: International established (in 1966) that national laws canBank for Reconstruction and Development; be an obstacle to international trade and theInternational Development Association; Commission provides the United NationsInternational Financial cooperation; with a way of removing obstacles.Multilateral Investment Guarantee Agency and the International Centre for Settlement of United Nations Conference on Trade andInvestment disputes.Development (UNCTAD) The organisations aim is to help shapeWorld Customs Organisation (WCO) policy debates and thinking on development,The World Customs Organisation has 197 promoting the friendly integration ofmembers that collectively generate over developing countries into the world98% of world trade. The organisation holds economy. UNCTAD specialises in ensuringitself out to be the voice of the international that domestic policies and industrial actionCustoms community.The organisations are mutually supportive in bringing aboutmission is to enhance the effectiveness and sustainable development.efficiency of Customs administrations. As well as stimulating the growth of legitimate international trade, the organisation also works to combat fraudulent activities.cv The228'