Description
Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
Dispute settlement is the focus of the World Trade Organization (WTO) and the way that the organization keeps the global economy stable.
- What is the WTO, and what is its history?
- What are the benefits of being a member of the WTO?
- What are the disadvantages?
- How does it settle disputes?
Choose a recent dispute between 2 countries, and discuss it with your peers. Include the following:
- Summary of what happened
- How it was resolved
- Role played by the WTO
- Do you agree with the resolution?
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
1
International Trade Investment
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2
International Trade Investment
World Trade Organization (WTO) is an international organization that deals with
trade between countries at the international level. Initially, the body which organized trade
between nations was the General Agreement on Tariffs and Trade, which was concluded in
1947(GATT). The notion was to initiate an international trade organization that failed to pick
up until the Uruguay meeting, which marked the final round of GATT. On 1st January 1995,
the Marrakesh Agreement was signed by 123 countries giving birth to ...
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