The WTO and Trade Dispute

Paper Summary:

The World Trade Organization is an organization that works to help its members attain and maintain fair trade practices on a global level. This paper looks at how in 1995 two of the world's most economically powerful nations came to blows over an anti-dumping issue. Japan believed the United States was at fault while the U.S. argued that Japan was wrong. It focuses on how the WTO tried to mediate the situation and how, although the U.S. and Japan made up, the WTO was left with bruises that are still healing.

Outline:
World Trade Organization (WTO)
Dispute Process
One Case
Conclusion

From the Paper:

"While the organization has been set and governed for the purpose of allowing fair trade practices among its members, as well as providing a worldwide voice for issues that the WTO members feel they need to speak up about, there are times in which the members will disagree with each other about fair trade. It is during these times that the WTO steps in and mediates those disagreements. This helps countries establish agreements and settle problems without resorting to war or serious embargos that can threaten to bring on a war between two or more nations."

Sample of Sources Used:

• Dispute Process(Accessed 12-10-06) http://trade.businessroundtable.org/trade_2006/wto/settlement.html
• NOVEMBER 20TH, US ANTI-DUMPING: PASCAL LAMY WELCOMES US CONGRESS' VOTE TO REPEAL THE US 1916 ANTI-DUMPING ACT (Accessed 12-10-06) http://www.eurunion.org/News/press/2004/200400166.htm
• TRADE: WTO IS THE LOSER AS U.S. AND JAPAN SETTLE DISPUTE From: Inter Press Service English News Wire | Date: June 30, 1995
• Trade Dispute WTO (Accessed 12-10-06)http://www.wto.org/English/tratop_e/dispu_e/cases_e/ds162_e.htm
• (WTO(Accessed 12-10-06) http://www.wto.org/english/thewto_e/whatis_e/inbrief_e/inbr01_e.htm)

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