Dispute settlement is the focus of the World Trade Organization (WTO)
Dispute settlement is the focus of the World Trade Organization (WTO) and the way that the organization keeps the global economy stable.
- What is the WTO, and what is its history?
- What are the benefits of being a member of the WTO?
- What are the disadvantages?
- How does it settle disputes?
Choose a recent dispute between 2 countries, and discuss it with your peers. Include the following:
- Summary of what happened
- How it was resolved
- Role played by the WTO
- Do you agree with the resolution?
Write 400-600 words. Cite your sources.
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- What is the WTO, and what is its history?
The world Trade Organization (WTO) is referred as the organization that deals with various rules of trade that exist between nations at a global lever or near the global level. This organization was born out of having general agreement on the Tariffs and Trade (GATT) that was established in the year 1947. As matter of fact, GATT trade negotiations started at the end of the World War 2. Their main goals were to reduce tariffs for facilitation of the global trade on various goods. The GATT rationale was mainly based on the (MNF) Most Favored Nation clause which was assigned to one nation by another. This ended…
APA
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