Essay on Is Wto Dispute Settlement Effective?

Words: 2376
Pages: 10
Open Document
Comments on Chapter-10 | Is WTO Dispute Settlement Effective? Written by - Keisuke Iida Book: The Politics of Global Governance Edited by Paul F Diehl & Brain Frederking. | Khaleda AKHTAR, Public Policy Program, Graduate School of Governance Studies, Meiji University. |

Prelude: In the massive protests in Seattle in 1999, more than 5000 protesters took part on issues of environment and exploitation of child labor in third world. It was an anti-globalization movement. World Trade Organization (WTO) became one of the most controversial institutions as evidenced by the massive protests in Seattle, Washington in November, 1999. Both the critics and supporters of WTO seem to believe that it is a highly …show more content…
This turned bad U.S.-EU relations. The subsequent case brought by the EU against the US over foreign sales corporations, is widely reputed to have been a counter case. A related question with regard is whether or not the WTO has restrained the outbreak of trade wars. In the banana cases, Ecuador also joined the retaliation, and in the beef hormones, Canada joined. If one includes these cases as trade wars, the WTO has certainly not stopped trade wars. In each case WTO appointed an arbitrator to determine the size of countermeasures. * Article IX of the WTO Charter allows the members by a three-quarters majority of the entire membership to make a definite interpretation which would indeed be binding. But because it rarely happens that representatives of three-quarters of the WTO membership are together in a room, a binding interpretation is not likely arise. * The two paragraphs in Article XX which are of particular relevance with respect to the discussion of process and production methods (PPMs) are (b) and (g) on health and conservation respectively. One of the most important areas of debate for possible further negotiation at the WTO is the issue of PPMs. It refers to the desire of some countries to regulate international trade in goods and services on the basis of the inputs and process technologies utilised in their production. Many developing countries are deeply suspicious of proposals for the explicit inclusion of PPMs in the WTO. The reason for
Show More

Related Documents: Essay on Is Wto Dispute Settlement Effective?

WTO Basics Roles Essay

countries had joined the GATT. Since the entry into force of the WTO, membership has grown to 144, as of the end of 2001. The WTO differs in a number of important respects from the GATT. The GATT was a rather flexible institution; bargaining and deal-making lay at its core, with significant opportunities for countries to “opt out” of specific disciplines. In contrast, WTO rules apply to all members, who are subject to binding dispute settlement procedures. This is attractive to groups seeking to introduce…

Words 6085 - Pages 25

Case Analysis Summaries Essay

Case solutions Case 2: Intel: Strategic decisions in locating a new assembly and test plant. Dalian in China is the most attractive site for Intel to locate Assembly and Test plant in terms of its low-costed workforce and high labor productivity with skilled workers, reliable and qualified power infrastructure, as well as a relatively open environment and the increasingly mature law and regulation. |Criteria |…

Words 1688 - Pages 7

Kai Zhang W1 Essay example

Kai Zhang AF630 WTO Case write up Doha Round is the multilateral trade negotiations among WTO members. In the November 2001, the WTO's Fourth Ministerial Conference was held in Doha, Qatar and started a new round of multilateral trade negotiations. It is known as the Doha Round, BBC (2008). The purpose of Doha Round is to reduce the trade barriers and to facilitate global trade through a more equitable environment. In particular, it includes the economic development of poorer countries, including…

Words 1129 - Pages 5

Essay on WTO Its Agreements

Introduction: The agreement signed at Marrakesh was established a new entity called World Trade Organization (WTO) in Geneva, which would assume the functions of the old GATT secretarial, and new procedures including a binding dispute settlement mechanism. The Marrakesh agreement also provided for further cuts in tariffs, significant reductions in agricultural subsidies, elimination of textile and apparel quotas over ten years, new trade rules for services, intellectual property, and trade-related…

Words 4320 - Pages 18

Essay about Case Analysis: Brazil’s Wto Cotton Case: Negotiation Through Litigation

BACKGROUND In the history of the WTO, it has been unusual for any developing country to win substantial concessions from the dominating EU-US block for increased market access and reduced tariffs. It is much more unusual when these concessions are granted in agricultural products, the most highly subsidized industry in the West. Starting in 2003 however and starting with the efforts of Brazil’s Pedro de Caramago, developing countries began to take a more aggressive and mobilized stance against…

Words 2279 - Pages 10

Theories Of International Trade

Surveillance is the regular dialogue about a countrys economic condition and policy advice that the IMF offers to each of its members. Technical assistance and training are offered to help member countries strengthen their capacity to design and implement effective policies, including fiscal policy, monetary and exchange rate policies, banking and financial system…

Words 1796 - Pages 8

Assignment: International Trade and Wto Essay

Different countries occupy in the global economy as a whole and in some markets a different position. To protect their interests, each participant of international trade is trying to perform certain actions, i.e., doing some politic in this area. There are two main types of policy in the field of international trade: 1. Foreign Trade Policy. 2. International trade policy. Trade policy - relatively independent direction of fiscal policy of the government related to the state regulation of foreign…

Words 5631 - Pages 23

Essay on Student: International Trade and Country

economies are less likely to retaliate Also, other economies usually don’t retaliate with small economies that limit imports May decrease export jobs because of price increases for components and lower incomes abroad The unemployed can form an effective pressure group for import restrictions. Workers displaced because of imports are often the ones who are least able to find alternative work. In addition, displaced workers often spend their unemployment benefits on living expenses rather than on…

Words 8625 - Pages 35

Essay about imbalance in Agriculture on Agreement and developing countries

and often damaging competition, often from imports artificially cheapened through subsidies(Khor). Therefore, AoA does damage the agricultural development in developing countries, especially the agricultural export in developing coutries. It is effective for developing countries to negotiate with developing countries when having a fully understanding of AoA. This paper starts with a brief introduction the importance of agriculture for developing countries. And then a summary of the main features…

Words 1765 - Pages 8

Essay about Globalization and Its Impact on International Finance

GLOBALIZATION AND ITS IMPACT ON INTERNATIONAL FINANCE CONTENTS 1. Overview……………………………………………………………………...1 2. Introduction to the concept of globalization…………………………………..2 3. Different areas of effect of globalization……………………………………..5 4. International finance…………………………………………………………..9 5. The impact of globalization on international finance i. Relationship between globalization and international finance……....12 ii. Globalization and its impact on developing countries…………………

Words 6133 - Pages 25