THE 10 MISUNDERSTANDINGS
2. Blindly for
6. Wrecks jobs?
7. Small left out?
8. Tool of lobbies?
9. Weak forced to
WTO in Brief
are by consensus. Agreements are ratified in parliaments.
would be wrong to suggest that every country has the same bargaining
power. Nevertheless, the consensus rule means every country has a
voice, and every country has to be convinced before it joins a
consensus. Quite often reluctant countries are persuaded by being
offered something in return.
also means every country accepts the decisions. There are no
is more, the WTO’s trade rules, resulting from the Uruguay Round
trade talks, were negotiated by member governments and ratified in