World Trade Organization Assignment Help WTO and its History
The WTO is an international agency that promotes the trades between its member countries, and also plays a role of administers to
make a trade agreement by that the countries could get the advantages of others’ market. The WTO also provides a place to the member countries for resolving their issues related to mutual trades that they are facing in present scenario with each other (Wolfrum, Stoll & Seibert-Fohr, 2007). Hence, the WTO encourages free trade by applying trade negotiations. This agency was introduced in 1995. It came into existence after General Agreement on Tariffs and Trade (GATT) because GATT was not being able to resolve the trade related problems of the member countries.
Benefits of WTO The WTO works for free trades so; it provides several benefits to the member countries. It grows the level of competitions that helps to ensure that the customers would get the required products at cheaper cost. It also reduces the barriers related to trade that helps the customers of a country to buy the cheaper products from the market of other countries (Janow, et.al, 2008). Hence our world trade organization business assignment help experts says that , WTO increases the economic growth of countries along with the global market.
Disadvantages of WTO In the WTO, there some countries have voting power and other countries as like Uganda not. Hence, it is the main disadvantage of WTO that the developing countries could not take their decision according to their profits because it favors only the developed nations, while the developing countries are much than developed countries (International Monetary Fund, 2010). Hence, after being a member of WTO, the developing country could not get the proper advantage of their market because of WTO agreements that increases the involvement of others in the related marketplace.
Settlement of Disputes In the initial stage of any dispute, WTO calls the countries on the negotiation table to find out the roots of problems for resolving it. If the countries fail and could not make a considerable decision, then WTO forms a panel that listens the dispute problems between nations. In the panel, WTO appoints the governmental and non-governmental individuals that are the master of trade field (Macrory, et.al, 2005). With the help of this, WTO plays a role of the jury and judges the damage with broader mind. After this, the WTO makes the charges against the culprit nation and protects the rights of another nation.
References International Monetary Fund. (2010). Uganda: Poverty Reduction Strategy Paper. International Monetary Fund. Janow, M.E., Donaldson, V. & Yanovich, A. (2008). The WTO: Governance, Dispute Settlement & Developing Countries. USA: Juris Publishing, Inc. Macrory, P.F., Appleton, A.F. & Plummer, M.G. (2005). The World Trade Organization: Legal, Economic and Political Analysis. USA: Springer. Wolfrum, R., Stoll, P.T. & Seibert-Fohr, A. (2007). WTO: Technical Barriers And Sps Measures. Netherlands: Martinus Nijhoff Publishers. We always provide the original and authentic WTO case study assignment writing help that will help you succeed in your academic career. We are available 24X7 for student assignment help so you can get answer of your assignment query in few minutes. So contact us for ant topic business assignment help at info@www.assignmenthelpexperts.com