Global Problems and Global solutions according to the WTO

Presented by Saba Al SultanInstructor: Dr.Rehana Parveen

• is the only global international organization dealing with the rules of trade between nations. • At its heart are the WTO agreements, negotiated and signed by

the bulk of the world's trading nations and ratified in their parliaments.• It deals with matters that regulates international trade, it also

finding global solutions to global problems and try to deal with the the main challenges facing the multilateral trading systems and reflections on the post-crisis agenda for the WTO.

Geneva form (2009)

• public form that was held by the WTO and which hold the title “Global Problems, Global Solutions: Towards Better Global Governance”

• This form discussed many aspects such as the multilateral trading, the participation of the government, trade union, representatives of non-governmental organizations and other issues

• This form resulted to many significant roles of the multilateral trading system and when it comes to the awake the financial and economic crises

The main issues that were discussed in relation to the Global Problems and Global solutions in this

convention:1. The role of business leadership in creating better global governance for world trade

2. International trade and commodity price

3. Climate-change policies and trade rules

4. Protectionism

5. Interaction between competition and trade policy

6. Promoting global governance by strengthening the rule of law

7. Trade and employment in times of crisis

8. Technology in public private global development

9. Global problems, global solutions: food

10. Regulating agricultural markets

11. Human rights impact assessments

12. Increasing the transparency of SPS measures

13. Private environmental standards.

Who is responsible ?

1. The WTO, since it is responsible of the world's trading nations.

2. The leaders in business and the business community because control the business

3. The country’s governments because they are the one who regulate every thing in the country.

WTO and GATT rules role in the current financial and economic crisis

The WTO has the potential of solving the the current financial crisis by:1. Increasing trade liberalization2. setting rules which promotes stopping protectionism3. applying a scheduled for the commitments and

decreasing trade barriers.

Those important solutions must be the priorities for WTO members and they should not hesitate to implement them if they truly want to stop the current economic crises.

The Major problem in how the WTO currently function

• even when the majority of the WTO members are developing countries which are from Africa, Asia, most of of them have little to say when it comes to decision making in WTO meetings. • In addition to that the WTO mostly do not invite most of these countries

to it’s key meetings.• The WTO need to stop such discrimination and take a real step to raise

up the bar and take an action to stop the economic crises and solve global problems which are suffered by most of the countries worldwide before it’s too late.

Conclusion• Even when the global problems seem to be unsolvable the WTO has the potential to

gradually solve these problems by implementing those solutions on countries when

conducting trade internationally.

• Developed, developing and even least developed countries can overcome the obstacles

and challenges which they are facing if the WTO set strict rules to solve these problems.

• The WTO need to stop being the tool of the wealthy and powerful and start being the tool

of all countries internationally by functioning equally and drop its discriminatory attitude.

References• WTO PUBLIC FORUM 2009 GLOBAL PROBLEMS, GLOBAL SOLUTIONS:.

( 2010). WTO Public Forum 2009: Towards Better Global Governance, 1-216. Retrieved from https://www.wto.org/english/res_e/booksp_e/public_forum09_e.pdf.

• Payne, R. J. (2012). Global Issues (4th ed.). • Snarr, T., & Snarr, D. N. Introducing Global Issues (6th ed.). Lynne Rienner

publisher.

• C. (2015). Global Issues: Selections from CQ Researcher . SAGE Publications.