This website uses cookies to ensure you have the best experience. Learn more

The Wto Talks In Cancun Essay

1733 words - 7 pages

The World Trade OrganisationThe World Trade Organisation or WTO has, since 1995, been the leading international organisation responsible for developing and monitoring free trade; while also policing trade violations (World Trade Organisation, 2003).The WTO developed out of GATT, the General Agreement on Tariffs and Trade. GATT came into being after the 1944 Bretton Woods Conference. It was advanced as a temporary structure for trade negotiations by USA president Harry Truman, after Congress withdrew form the International Trade Organisation or ITO talks. GATT became the primary organisation responsible for the liberalization of trade in 1948. (World Trade Organisation, 2003)GATT was based on two basic principles that still govern the WTO today; they were reciprocity and non-discrimination (World Trade Organisation, 2003). All concessions would there be reciprocal, meaning all would be agreed or nothing would be agreed, this would discourage unilateral trade barriers because all nations would lower their barriers together. Non-discrimination on the other hand meant that all nations would have top treat imports form all other nations the same. Imports form one could not be given preference over imports form another. This is known as most favoured nation status or MFN, designed to eliminate bilateral trade wars (World Trade Organisation, 2003).In the eighth round of the GATT talks held at Punta del Este in Uruguay, GATT finally came to an end. It was replaced by the WTO. The WTO was now responsible for the implementation of GATT?s agreements and had to act as a forum for net trade talks. (World Trade Organisation, 2003) The WTO also had to act on and resolve trade disputes, this is made easier by the fact that WTO decisions are theoretically taken by the member states themselves ? All is agreed or nothing is agreed.Why is the WTO important and why is it also unpopularFirstly the WTO keeps the peace (World Trade Organisation, 2003), it help international trade flow smoothly and it provides it?s members with a forum for resolving disputes, removing violence from the equation. The way in which the WTO helps to handle disputes is in itself a pro for supporters of the WTO, because they have clear rules they can have clear judgements and resolves (World Trade Organisation, 2003).As we have just said, the system has rules; this means that things are accepted more easily. Everyone has to decide about a new rule, according to the rule. The WTO also fights protectionism because they are there to protect free trade. They believe that protectionism leads to higher prices and that the WTO therefore cuts the cost of living because it promotes free trade ? thereby bringing down prices of imports and national products. Because the WTO promotes free trade, they are also responsible for a wider range of products and qualities for the local consumer. (World Trade Organisation, 2003)Because of WTO trade deals the incomes of people all over the world have also risen....

Find Another Essay On The WTO talks in Cancun

greek essay that talks about the modern society in greek

490 words - 2 pages Hi my friend, vie heard you are interested in taking up residence in the Greeks. It’s a very different culture there then your use to. Have you heard about how it is there? Do you know anyone besides me who has been there or lived there? I’m going to give you good and bad things on living in the Greeks. In Greece as two very different Greek city states Athens and Sparta fought for the domination of the Greek world. The people of Athens felt

"The Wave": This essay talks about the issues raised in the book

622 words - 2 pages only reason is that the students were caught up by The Wave too deeply. At the end, Mr Ross have told them "we are all responsible for our own actions. And that you must always question what you do rather than blindly follow a leader, and that for rest of your individual rights." ( Page 105) And because of The Wave, these students had once lost these qualities.To begin with, "The Wave" has made a brain-wash to all the students in the history class

City Of Joy: A film analysis. Talks about the relationships in the film

590 words - 2 pages What happens when everything you've ever known seems to be a lie? When everything you've worked so hard for in your life seems to come crashing down on you, who do you turn to? You need to find yourself, to re-evaluate your priorities. What better place to do that than in The City Of Joy.The movie The City Of Joy is about a wealthy American doctor named Max Lowe. After he lost a patient on the operating table, Max spontaneously decides to leave

This essay talks about the effects of televesion on children in america

685 words - 3 pages Children today have more outlets to view television through cable, pay-per view, and home movies. Many homes often have more than one T.V unlike when our parents were growing up. Television shows are one of the contributing factors to behaviors in children. Recently, the Annenberg Public Policy Center has placed focus on this issue because the majority of children's behaviors are influenced by television. Three negative effects of television on

Talks About People In Afganistan And Is About The Different Wars And If War Is Necessary

2210 words - 9 pages "People sleep peaceably in their beds at night only because rough men stand steady to violence on their behalf." - George OrwellWar is usually inevitable. It can be avoided for awhile, but eventually it will occur. Countries fight over power, religion, money, and land. So is war immoral? Is it ever justified? Imagine what our lives would be like if we never went to war. Many things have came about due to the fact that we have had to fight, kill

This essays talks about how the monetary policy is used by Federal Reserve in America

1022 words - 4 pages The monetary policy is an important policy because it controls the country economy. In America the monetary policy is control by the Federal Reserve. Using the tools of the monetary policy, the Federal Reserve can affect the volume of money and credit and their price interest rates in America. So therefore the Federal Reserve influences employment, output and the general level of prices.It is important that the Federal Reserve use the monetary

Jay Gatsby: The Dissolution of a Dream. Talks about one of the characters in Fitzgerald's "The Great Gatsby"

861 words - 3 pages A dream is defined in the Webster's New World Dictionary as: afanciful vision of the conscious mind; a fond hope or aspiration; anythingso lovely, transitory, etc. as to seem dreamlike. In the beginning pagesof F. Scott Fitzgerald's novel The Great Gatsby, Nick Carraway, thenarrator of the story gives us a glimpse into Gatsby's idealistic dreamwhich is later disintegrated. 'No- Gatsby turned out all right at the end;it is what preyed on Gatsby

The essay talks about immirgation being a political issue in Europe and how the UK and Germany deal with it

2080 words - 8 pages The Politics of Immigration in EuropeHistorically Europe has been a net exporter of people since the middle ages as the Great Powers expanded into Africa, The Indian subcontinent, and other parts of the world. People moved out in search of wealth and land. The Age of Empires drew to a close and now it is mostly the highly skilled that leave Europe to other developed nations. People all over the world look at the developed nations as either a

This essay is about the political framework of Islam. It talks about the basic principles and happenings in Islam's government

572 words - 2 pages constitute the law of Islam. Risala is the medium through which we receive the law of Allah. The Qur'an laid down the broad principles on which human life should be based and the Prophet of Allah, in accordance with these principles, established a model system of Islamic life. Man, according to Islam, is the representative of Allah on earth, His vice-gerent; that is to say, by virtue of the powers delegated to him by Allah, and within the limits

WWII: Housewives Report for Duty This report talks about the role women played taking on factory work in WWII

2210 words - 9 pages "WWII: Housewives Report for Duty"World War II (WWII) changed America in many ways. It changed the nation's consciousness, thoughts and ideas. These changes were the result of soldiers going over seas to fight, as well as women working outside of the home as a service to their country. WWII gave birth to a new nation, forever changing the roles of women in the United States. It changed the nation and the identities of its people. These changes

Talks about the levels of religion (Tolerant and intolerant)that were found in North America before 1700)

535 words - 2 pages formed in relation to religious freedom.In the late 1620s, a group of wealthy Puritans immigrated to the Massachusetts Bay colony. This particular group of Puritans stressed a well-ordered community. They were very involved in their social hierarchy, believing that a person's social status was ordained by God. The Puritans had very little religious tolerance. In the case of Roger Williams, the Puritan colonists became very uncomfortable. When he

Similar Essays

Protest Against The Wto In Seattle

2359 words - 9 pages Protest Against the WTO in Seattle The people assembled in the streets of Seattle were labor unionists and environmentalists, lumber workers and forest activists, students and teachers, farmers and cheese makers, Germans and Ukrainians, Africans and Asians, North Americans and Latin Americans, gays and straights, human rights activists and animal right activists, indigenous people and white urban

The Issue Of Agricultural Subsidies In Wto Negotiations

1346 words - 5 pages The Issue of Agricultural Subsidies in WTO Negotiations BACKGROUND In the early(till 1960s) years of WTO, most countries were not keen on bringing in agriculture under the gamut of trade. That was because most of the countries were keen on protecting their domestic trade. So the countries were free to provide subsidies and domestic support to their farmers, esp. because the US was keen on doing so. CHANGE IN

The Wto Role In The Australia And Us Free Trade Agreement

1925 words - 8 pages Since its inception The World Trade Organisation (WTO) has played a pivotal role in ensuring that trade flows as smoothly, predictably and freely as possible across all nations. The purpose of this paper is to consider the role that the WTO plays in creating multilateral agreements and to contrast these with those roles played by other nations when negotiating bilateral trade agreements. A review of trade creation and trade diversion is put

What Role Does The Wto Play In International Business? Argue The Case That The Wto Is Either Helpful Or A Hindrance To International Trade, Giving Particular Examples To Support Your Case

3303 words - 13 pages Title of Assignment: What role does the WTO play in international business? Argue the case that the WTO is either helpful or a hindrance to international trade, giving particular examples to support your case.1. IntroductionInternational trade has been increasingly frequent since industrialisation. Today globalisation becomes well-known among people. As economies have become more open, countries become more dependent on one another. However