Business DB3 - International Trade and Investment

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fcbatrobo124

Business Finance

Description

write 400–600 words that respond to the following questions with your

thoughts, ideas, and comments. 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?

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Explanation & Answer

Attached.

Running head: INTERNATIONAL TRADE AND INVESTMENT

International Trade and Investment
Institution Affiliation
Date

1

INTERNATIONAL TRADE AND INVESTMENT

2

INTERNATIONAL TRADE AND INVESTMENT
Introduction
The world trade organization is a body that deals with the worldwide rules, procedures
and policies of trade between countries ensuring that trade is carried out smoothly and freely
without disputes. It was established in January 1995 through the Marrakesh agreement which
was agreed and signed by 123 countries. It has its headquarters in Centre William Rappard in
Geneva and has 164 member countries (VanGrasstek, 2013).
Advantages
The benefits of being a member of the World trade organization include Low prices of
commodities in the trading nations due to the removal of tariffs and taxes which increase the
prices of goods, free tr...


Anonymous
Very useful material for studying!

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