Essay about World Trade Organization

1438 Words 6 Pages
Although there are many famous riots and controversies connected to the World Trade Organization (WTO), most American citizens don’t know what the WTO actually is or what it does. Because there’s so much the average person doesn’t understand, we need to look at the background of the WTO before we can discuss any further details; then we will look at possible explanations of why people protest, and finally we’ll focus on whether or not any protests were justified.
     The World Trade Organization is designed to create the rules involved with trade. These trading rules include all countries, not just the US, and can therefore be a little tricky at times. "The WTO establishes a framework for trade policies, it
…show more content…
and Staiger, R. W. 2002). An example might be when France meets with Spain to negotiate terms for their blossoming lily industry; each country might have a few trade concessions in mind and work to create a balance between them. Third, we will consider how “enforceable commitments are crucial in ensuring market access commitments are implemented and maintained” (Hoekman, B. 2001). They restrict tariffs from going up and down too much. If tariff changes happen that don’t coincide with the WTO guidelines, the government usually makes it their duty to change the policies. Because the WTO is an intergovernmental agreement they can handle their own cases, unlike private organizations, which do not have the same legal footing.
     Fourth, transparency is important for the WTO because it “requires members to publish their trade regulations, to establish and maintain institutions allowing for the review of administrative decisions affecting trade, to respond to requests for information by other members, and to notify changes in trade policies to the WTO” (Hoekman, B. 2001). This includes trade regulations and establishing institutions that allow for change. Transparency has many benefits, including reduced pressure on the dispute settlement system. If one country complains about another, meetings can be arranged to discuss the issues that violate

More about Essay about World Trade Organization

Open Document