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The WTO does NOT dictate to governments on issues such as food safety, and human health and safety. Again commercial interests do NOT override oThe agreements were negotiated by WTO member governments, and therefore the agreements reflect their concerns. oSafety concerns are built into the WTO agreements
The WTO does NOT destroy jobs or widen the gap between rich and poor
oThe accusation is inaccurate and simplistic. Trade can be a powerful force for creating jobs and reducing poverty. Often it does just that. Sometimes adjustments are necessary to deal with job losses, and here the picture is complicated. In any case, the alternative of protectionism is not the solution. Take a closer look at the details.
Weaker countries do have a choice, they are NOT forced to join the WTO
oMost countries do feel that its better to be in the WTO system than to be outside it. Thats why the list of countries negotiating membership includes both large and small trading nations.
KEY SUBJECT
Agriculture Health & Safety Measure Helping Least Developed And Food Importing Country Textile & Clothing
Disputes Settelment
Non-Discrimination Reciprocity Binding and enforceable commitments Transparency Safety valves Trade in goods
10 benefits of WTO
The system helps to keep the peace
oThis sounds like an exaggerated claim, and it would be wrong to make too much of it. oNevertheless, the system does contribute to international peace, and if we understand why, we have a clearer picture of what the system actually does.
A system based on rules rather than power makes life easier for all
The WTO cannot claim to make all countries equal. But it does reduce some inequalities, giving smaller countries more voice, and at the same time freeing the major powers from the complexity of having to negotiate trade agreements with each of their numerous trading partners.
It gives consumers more choice, and a broader range of qualities to choose from
Think of all the things we can now have because we can import them: fruits and vegetables out of season, foods, clothing and other products that used to be considered exotic, cut flowers from any part of the world, all sorts of household goods, books, music, movies, and so on.
Trade stimulates economic growth, and that can be good news for employment
Trade clearly has the potential to create jobs. In practice there is often factual evidence that lower trade barriers have been good for employment. But the picture is complicated by a number of factors.
The basic principles make the system economically more efficient, and they cut costs
Many of the benefits of the trading system are more difficult to summarize in numbers, but they are still important. They are the result of essential principles at the heart of the system, and they make life simpler for the enterprises directly involved in trade and for the producers of goods and services.