« The completion of the WTO free trade agenda will produce both winners and losers in the EU ». To what extend do you agree?

Docs en anglais | 8 pages | 14-08-2008 | Format : | Note : Non noté

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Résumé

The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalisation.

The WTO is the only international agency overseeing the rules of international trade. It polices free trade agreements, settles trade disputes between governments and organises trade negotiations. So, when the US and the European Union are in dispute over bananas or beef, it is the WTO which acts as judge and jury.

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. The WTO agreements have been negotiated and signed by the majority of the world's trading nations and ratified in their parliaments. The main aim is to help producers of goods and services, exporters, and importers conduct their business.

Based in Geneva, the WTO was set up in 1995, replacing another international organisation known as the General Agreement on Tariffs and Trade (GATT). Membership of the WTO now stands at 149 countries. China formally joined the body in December 2001 after a 15-year battle (conflicts are not finish...). The Budget is 125 million US dollars and the key players are US, the EU, Japan.

So, to what extent the completion of the WTO free trade agenda will produce both winners and losers in the EU?

Table of contents:

Introduction

I) The free trade in the context of a new agreement

II) The winners

1. Consumers
2. The European enterprises
3. Eastern Europe

III) The losers in EU

1. Regions affected
2. Unemployment
3. Dumping

Conclusion

Sources

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