The Problem and the Institutional Framework
The Problem and the Institutional Framework
Unlike the General Agreement on Tariffs and Trade (GATT) which served as a “provisional agreement”, had no fixed set of members, and was not recognized as a bona fide international organization, the World Trade Organization (WTO) which possesses a permanent structure and members, was designed to incorporate and replace the GATT in the Uruguay Round trade agreement. In line with the Uruguay Round, WTO negotiations concerned issues of agriculture and services, intellectual property, domestic laws, and other such issues that involve imports. Although the WTO has been able to achieve a lot of its goals, it has yet to produce new multilateral trade agreements and function as a “trade liberalization machine”. As WTO is relatively unsuccessful in establishing global agreements, this book discusses the Doha Blues or the frustrations that experienced by negotiations in 2001. The book adopts a thematic approach while concentrating on the institutional facets of the problem.
Keywords: GATT, WTO, provisional agreement, Uruguay Round, trade liberalization trade agreements, Doha Blues
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