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VOL. 9, ISSUE 5 (2023)
An analysis of the institutional mechanisms of the world trade organisation and its roles in the international trading system
Authors
Legborsi Tony-Francis
Abstract
The World Trade Organisation (WTO) is the most
comprehensive international body shaping and facilitating international trade
and governance. Through its institutional arrangements, the WTO shapes and
promotes international trade and enhances economic inclusion, growth and
development by providing practical systems that encourage collaboration and free
flow of trade by eliminating barriers to the growth and development of trade.
The overriding objective is to ensure a free, fair, predictable and smooth flow
of trade. This is achieved through the deployment of the legal and multilateral
trade rules and disciplines approved by and binding on WTO members. This paper
intends to offer a critical analysis of the institutional mechanisms of the
WTO, focusing primarily on its core objectives, roles and interplay in the
international trading system. It also x-rays the historical development of the
WTO systems, structure and the principles underlying its efforts. By assessing
the components of WTO institutions, this paper exposes the strengths and
weaknesses of the WTO while also making useful recommendations for its
effectiveness in an ever-evolving world. The research further aims at providing
valuable contributions to the ongoing discourse on international trade while
furnishing policymakers and stakeholders with useful insights for reform
purposes.
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Pages:1-6
How to cite this article:
Legborsi Tony-Francis "An analysis of the institutional mechanisms of the world trade organisation and its roles in the international trading system". International Journal of Law, Vol 9, Issue 5, 2023, Pages 1-6
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