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Has the WTO achieved all its objectives since it was set up in the 1990's? What challenges lay ahead for it?
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Jake Kassoumov 14/10/02 Has the WTO achieved all its objectives since it was set up in the 1990's? What challenges lay ahead for it? The World Trade Organisation (WTO) is an international organization that deals with rules of trade between countries. The WTO replaced the General Agreement on Tariffs and Trade (GATT), which was traditionally solely concerned with trade in goods, in 1995. WTO, however, is a much larger organisation with greater research potential and a higher profile. It doesn't just mastermind trade negotiations, but also provides disputes -settlement procedures. This is meant to resolve disputes between member countries and provide a forum for the airing of complaints about unfair trade restrictions. The WTO is based on a series of agreements, fundamental principles and aims; however the main ones are to help trade flow as freely as possible, to achieve further liberalization gradually through negotiation and to set up an impartial means of...
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