WTO: Challenges for Developing Countries in the Near Future
The establishment of the WTO and the entry into force of the agreements under its auspices have visited considerable iniquities upon the developing countries over the last six years. Rife with imbalances and deficiencies, the WTO agreements and the manner of their implementation have hardly benefited the Third World nations but have instead littered their development path with imposing obstacles.
Amid this panorama of inequity, the major developed countries are pushing for the launch of fresh negotiations that could result in new WTO rules which add to the already onerous obligations of the developing countries and further undermine their development prospects. This paper calls on developing countries to resist these pressures wholeheartedly and insist instead that the myraid asymmetries in the existing agreements be remedied. This, in turn, demands that they shed thier previous passive stance and forge coordinated and consolidated positions within the WTO, emphasises the author, for only with proactive cooperation can the countries of the South effectively advance their interests in the multilateral trading system.
1. Introduction and Background
Experience of Developing Countries
the Challenges in the Near Future