World trade organization

             One should probably start an argument on the issue of the Group of 21
             proposals with a statement from Oxfam International's 2002 report Rigged
             Rules and Double Standards: "the problem is not that international trade is
             inherently opposed to the needs and interests of the poor, but that the
             rules that govern it are rigged in favor of the rich.' Starting from this,
             I aim to prove not only that WTO's role is almost exclusively in favor of
             the rich, but also that the important players in the WTO system do not
             abide by the very rules that they have created.
             The recent Cancun round of negotiations within the WTO, regarding
             especially agricultural subsidies, showed that finally the developing
             countries starting with giants such as India and Brazil, preponderantly
             agricultural countries with significant contribution to world trade, backed
             up by China, could finally make a common point and a stand still against
             the European Union and the United Stated. The strange and somewhat
             revolting point of discussion is that, while boasting liberalization and
             free trade, the EU and the United States spent an approximated $300 billion
             in subsidies, almost all of them going to agriculture. Isn't a subsidy a
             way to ignore the free trade boasted as the main program by the WTO' Of
             course, you do not use taxes to raise imported goods prices, but you follow
             a reverse pattern and use subsidies to lower national goods prices and make
             them more competitive on the foreign market. The agricultural problem is a
             first concern for the G-21 demands and it should be noted that these
             demands are not necessarily for lowering custom taxes or creating a
             privileged position for the developing countries in the group, but for
             respecting the conclusions of former WTO negotiations. If we are to
             liberalize trade, how can this be done in an environment of high subsidies
             from developed countries' How can we, th...

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World trade organization. (1969, December 31). In MegaEssays.com. Retrieved 07:26, November 15, 2024, from https://www.megaessays.com/viewpaper/200456.html