Because of the international nature of telecommunications, its technical complexity and the wide range of technologies involved, it is necessary for it to have international regulatory forum(s) to provide international standards, regulation and coordination. This is especially important for the welfare of developing nations where modern telecommunications are essential to their economic future. This report discusses the major international forum, the International Telecommunications Union (ITU) and the actions of the World Trade Organisation (WTO) and the US regulator, the FCC, to settlement rates between international carriers.
2. The International Telecommunications Union (ITU)
2.1 The importance of a global authority
2.2 Re-engineering the ITU
3. The accounting rate system
3.2 World Trade Organisation (WTO) and the accounting rate system
3.3 The FCC and the international accounting rate system
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