The WTO – The facts?
Many observers have a tendency to equate the existing round of trade negotiations, the Doha Development Agenda, with the WTO. Although this is simply not the case, there are risks in this widespread perception as the danger is that the WTO’s constituency may conflate the fate of the main one with the fate of the other. It really is, therefore, important to think about what the WTO is.
- First, and foremost, the WTO may be the world’s basic trade agreement .
- Second, the WTO administers the many WTO agreements.
This administration must be a policy-oriented one which ensures the correct implementation and monitoring of the sixteen separate multilateral agreements that constitute the WTO. This important activity has been neglected. For example, notifications to the Committee on Trade and Agriculture from various WTO members have fallen behind. Fortunately, steps have been recently taken up to begin to rectify this issue.