WTO Essay

Document Type:Essay

Subject Area:Business

Document 1

Retrieved from https://guides. ll. georgetown. edu/c. php?g=363556&p=4108235 This is a website of Georgetown University Law Library. University of California. Retrieved from https://www. law. berkeley. edu/library/dynamic/guide. December 5). Retrieved from https://www. youtube. com/watch?v=4hoA49qSitI The video demonstrates the formation of GATT and the role it was supposed to undertake in the global trade. The move was aimed at promoting free trade in order to remove hurdles created by individual countries. youtube. com/watch?v=8-voHl16vFE The video explains the WTO as an organization that was formulated for the purposes of controlling international trade. The intention is to enforce rules that ensure all countries play by the same rules. The organization can also enforce and even raise sanctions.

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However, it has indicated a number of disadvantages such as inability of a country to make its own democratic decisions with regards to how it intends to engage in international trade.

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