Information about the organization

10 benefits of the WTO trading system

From the money in our pockets and the goods and services that we use, to a more peaceful world — the WTO and the trading system offer a range of benefits, some well-known, others not so obvious.


THE 10 BENEFITS
1. Peace
2.
Disputes
3.
Rules
4.
Cost of living
5.
Choice
6.
Incomes
7.
Growth and jobs
8.
Efficiency
9.
Lobbying
10.
Good government
  

See also:
The WTO in Brief
10 misunderstandings
Understanding the WTO

Some benefits are well-known, others are not so obvious

The world is complex. This booklet is brief, but it tries to reflect the complex and dynamic nature of trade. It highlights some of the benefits of the WTO’s trading system, but it doesn’t claim that everything is perfect—otherwise there would be no need for further negotiations and for the system to evolve and reform continually.
Nor does it claim that everyone agrees with everything in the WTO. That’s one of the most important reasons for having the system: it’s a forum for countries to thrash out their differences on trade issues.

That said, there are many over-riding reasons why we’re better off with the system than without it. Here are 10 of them.

Countries can thrash out their differences in the WTO

 
The ten benefits

1. The system helps promote peace
2. Disputes are handled constructively
3. Rules make life easier for all
4. Freer trade cuts the costs of living
5. It provides more choice of products and qualities
6. Trade raises incomes
7. Trade stimulates economic growth
8. The basic principles make life more efficient
9. Governments are shielded from lobbying
10. The system encourages good government

 
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This brochure can also be downloaded in pdf format (18 pages, 350KB)