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Currently, UNASUR has twelve ministerial councils and two working groups: a) Financial Integration;and b) Investment Disputes Resolution, in which the possibility of creating an arbitration mechanism isbeing considered, as well as a Legal Assistance Center and a code of conduct for arbitral tribunalmembers.The ministerial councils worth highlighting are the Infrastructure and Planning Council (COSIPLAN)and the Energy Council, with high levels of activity. A number of ambitious infrastructure integrationand regional energy production projects have been carried out through these councils, most of themwith the support of the Brazilian Development Bank (BNDES), creating business opportunitiesespecially for companies located in Brazil.19.4. World Trade Organization - WTOa) Establishment: the WTO was created in 1995, during the Uruguay Round, under the form of asecretariat to administer the General Agreement on Tariffs and Trade (GATT).b) Members: 159, including Brazil and other Mercosur member States.c) Headquarters: Geneva, Switzerland.d) Budget: approximately 197 million Swiss francs for year 2013.e) Objective: Regulating multilateral trade relations between the Members. The following are functionsof the WTO: managing the trade rules, discussing and negotiating them; settling trade disputes;monitoring the trading policy of each Member and providing technical assistance and cooperating withother international organizations. Special attention must be given to its role as an international tradecourt, function bestowed upon the Dispute Settlement Body. At a first level, disputes are settledthrough consultation between the Members and decisions are made by a panel of experts, and at asecond level, by the Appellate Body. The great importance of this body is that its decisions arebinding, under penalty of application of retaliatory measures, making the WTO the most efficient courtamong all international organizations.f) Agreements Covered: The WTO members assumed the commitments set forth in the followingmultilateral agreements: General Agreement on Tariffs and Trade – GATT, General Agreement onTrade and Services – GATS, Trade Related Aspects of Intellectual Property Rights – TRIPS, and alsoagreements on Agriculture, Sanitary and Phytosanitary Measures, Textiles and Wearing Apparel,Technical Trade Barriers, Trade-Related Investment Measures - TRIMs, Anti-dumping, CustomsValue, Pre-shipment Inspection, Rules of Origin, Import License, Subsidies and CountervailingMeasures, Safeguards, Understanding on Dispute Resolution and Trade Policy ReviewAgreement;Trade Facilitation Agreement.99