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The World Trade Organisation (WTO)
The
World Trade Organisation (WTO) is an international body that is supposed
to oversee world trade to the benefit of us all. Yet since its establishment
in 1995, it has rapidly developed a reputation for increasing inequality
between countries. It is failing poor countries in favour of the rich, and
is now failing citizens in favour of corporations.
Climax of WTO Talks Nears
World Trade Organisation (WTO) boss Pascal Lamy has called trade ministers to a week-long meeting in Geneva starting on July 21, 2008.
The aim is to push the WTO’s membership – over 150 countries - to do a new all-encompassing trade deal covering in particular agricultural products, manufactured goods and the ‘rights’ of multinational service companies to set up operations across the world.
In a letter sent to every government on July 3, he called the meeting the ‘moment of truth’ for the current WTO round of talks which started in the city of Doha in 2001. The meeting will see Europe and the USA once again attempt to pressure developing countries into opening markets to their multinationals in return for minimal reform of their damaging agricultural policies.
The World Development Movement (WDM) has been campaigning on trade issues for almost three decades and monitoring negotiations at the World Trade Organisation (WTO) since its creation in 1995.
Read more about WDMs past work at the WTO ministerials
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