foundation, only a small associated secretariat which had its origins in the attempt to establish an International Trade organ ization in the 1940s. The WTo is a permanent institution with its own secretariat 2, The gatt was applied on a provisional basis"even if, after more than forty nt. The wto commitments are full and permanent. 3, The gatt rules applied to trade in merchandise goods. In addition to goods, the wto covers trade in services and trade-related aspects of intellectual property. 4, While gatt was a multilateral instrument, by the 1980s many new agreements had been added of a plurilateral, and therefore selective, nature. The agreements which constitute the wto are almost all multilateral and. thus involve commitments for the entire membership. 5 The wto dispute settlement system is faster, more auto matic, and thus much less susceptible to blockages, than the old gatt system. The implementation of wto dispute findings will also be more easily assured. After wto came into being on I January 1995, GaTT lives on as GATT 1994", the amended and up-dated version of Gatt 1947, which is an integral part of the wto agreement and which continues to provide the key disciplines affecting international trade in goods4 foundation, only a small associated secretariat which had its origins in the attempt to establish an International Trade Organization in the 1940s. The WTO is a permanent institution with its own secretariat. 2、The GATT was applied on a "provisional basis" even if, after more than forty years, governments chose to treat it as a permanent commitment. The WTO commitments are full and permanent. 3、The GATT rules applied to trade in merchandise goods. In addition to goods, the WTO covers trade in services and trade-related aspects of intellectual property. 4、 While GATT was a multilateral instrument, by the 1980s many new agreements had been added of a plurilateral, and therefore selective, nature. The agreements which constitute the WTO are almost all multilateral and, thus, involve commitments for the entire membership. 5、The WTO dispute settlement system is faster, more automatic, and thus much less susceptible to blockages, than the old GATT system. The implementation of WTO dispute findings will also be more easily assured. After WTO came into being on 1 January 1995, GATT lives on as "GATT 1994", the amended and up-dated version of GATT 1947, which is an integral part of the WTO Agreement and which continues to provide the key disciplines affecting international trade in goods