preview

The World Trade Organization ( Wto ) Essay

Good Essays

This paper analyzes how the world Trade Organization serves to protect, reduce and eliminate any international conflicts surrounding trade exportations and/or importations. The first variable to be analyzed in this paper is how the World trade organization came into existence. This background reference will help describe why there was a need for the creation of this organization. The next variable to be analyzed in this paper is the purpose and function of the World Trade Organization (WTO). Also, this paper analyzes the power of the world trade organizations and how those powers are used. The final variable to be analyzed is the policies that are carried out within the structure of the World Trade Organization (WTO, enforcement of how those guidelines work within the World Trade Organization (WTO) are enforced amongst actors that are affected by the organizations and its protocols.
The World Trade Organization (WTO) was officially created in January of 1995 and essentially replaced the General Agreement on Tariffs and Trade (GATT), which had been in force since 1948, a few years after the Second World War (Hill). The World trade Organization (WTO) was born of the GATT to reduce the tariff on trade from and in countries. The World Trade Organization (WTO) was created from the GATT because it functioned more successfully than the GATT originally did. “In the 1980s, as the world economies became more global in trade and business, it became evident that GATT was not built or

Get Access