How Does the WTO Differ from the GATT

question 51

Essay

How does the WTO differ from the GATT?

---

Definitions:

Non-Controlling Interest (NCI)

The portion of equity in a subsidiary not owned by the parent company, representing minority shareholders' interest.

Full Fair Value

An approach within certain valuation and accounting frameworks where assets and liabilities are recorded at their full market value.

Proportionate Consolidation Method

An accounting method where an investing entity records its share of the assets, liabilities, income, and expenses of an associate or joint venture.

Assets and Liabilities

Assets are resources owned by a company expected to provide future benefits, and liabilities are obligations a company owes to outside parties.