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What are some of the problems of WTO mechanisms will pose for national governments?
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Question 2: What are some of the problems of WTO mechanisms will pose for national governments? World Trade Organization (WTO) was established in 1995 at the Uruguay Round of General Agreement of Trade and Tariffs (GATT). It was the successor of GATT, and is the only international organization dealing with the global rules of trade between nations. At the year of 2006, WTO has 149 members and is accounted for over 97% of the world trade. As the main objective of WTO is to establish a single global market with uniform rules, the goals of WTO mechanisms are to minimize government interference in the conduct of trade and eliminate the nation-state's capacity to regulate commerce. However, these mechanisms have posed a threat to national governments to certain extent when formulating its own policies and laws. The regulatory system in WTO is quite different from GATT. A new concept - Self Executing...
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