WTO as a legal guarantor of international trade: manifested weaknesses and the beginning of the reform of the organization

Jelisavac Trošić, Sanja (2024) WTO as a legal guarantor of international trade: manifested weaknesses and the beginning of the reform of the organization. In: El orden jurídico internacional ante las vicisitudes del siglo XXI. Tirant lo Blanch España, Valencia, pp. 243-264. ISBN 978-84-1056-954-6

Full text not available from this repository. (Request a copy)

Abstract

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. In order to indicate the great importance that this organization has, in the introduction we are giving the basic facts of WTO’s origin and its importance in regulating international trade. The paper continues to provide insight into the WTO agreements that are negotiated and signed by the member countries, and documents which provide the rules for international commerce and bind governments to keep their trade policies within agreed limits. All WTO members have joined the system as a result of negotiation and therefore membership means a balance of rights and obligations. The way the WTO functions and the basic principles on which all WTO agreements are based are explained in the third part. After that, the causes and areas in the system of the WTO that were particularly affected by the crises were analyzed. Three groups of problems are highlighted here: the crisis of negotiations, the crisis of dispute resolution system and decline in confidence. The fifth part is devoted to acknowledging the existence of a problem and the beginning of negotiations on WTO reform, where the solutions offered by individual countries are listed. In the conclusions, it was pointed out how much work this organization does, as well as the need for active participation of all interested parties in order to reach an acceptable solution to the WTO reform.

Item Type:	Book Chapter
Depositing User:	Ana Vukićević
Date Deposited:	24 Jan 2025 08:40
Last Modified:	24 Jan 2025 08:40
URI:	http://repozitorijum.diplomacy.bg.ac.rs/id/eprint/1473

Actions (login required)

View Item