The World Trade Organization ( Wto ) And The Single Undertaking Rule

2187 Words Oct 26th, 2014 9 Pages
Introduction
This research paper centres on the World Trade Organization (WTO) and the single undertaking rule. I will start this paper by giving a brief introduction of the World Trade Organization, its membership, functions and structure and its way of operation. Further, I will give a concise introduction on the Single Undertaking rule before asserting my view on the effect the Single Undertaking Rule in the WTO. I will go into great lengths to explain why I believe the removal of this rule would lead to a more effective WTO and multilateral trading system. To support my view, I will briefly explain the single undertaking rule’s history and practice in the WTO; point out the reasons why the rule has a more adverse effect; how it leads to bilateral trade agreements; how it draws out the negotiation process; how it may disadvantage developing countries; and lastly a look at the Doha Round. In recommendation and conclusion, I will reaffirm my belief for the removal of the Single Undertaking Rule and summarize my reasons for my stance and give my recommendation on an alternative system.

Brief Overview of the WTO
The World Trade Organization is an international trade regulatory body set up to regulate international trade. It came into being in 1995. Original member countries joined the WTO by being signatories to the General Agreement on Tariffs & Trade (GATT) and after ratifying the Uruguay Round of Agreements. The GATT, the predecessor of the WTO, was the governing…

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