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The Wto is a group of Countries that are negotiating between trades. A disadvantage is that the countries never agree on anything. For example, the countries have to vote on a decision and a country like Uganda's vote would not even be taken into account. Wheras countries with higher status such as the USA will persuade the other countried to change their votes and agree on their decision. This makes the WTO pointless in a way.
What else can I help you with?
What is the impact of WTO in India economy?
disadvantages of WTO..?
Disadvantages of GATT?
GATT is now known as WTO. The disadvantage of GATT is, It requires the member country to be market oriented, which is not possible for under developed countries that are facing poverty.
What are the disadvantages of WTO to Pakistan?
The World Trade Organization (WTO) presents several disadvantages for Pakistan, primarily due to its developing economy status. Pakistan faces challenges in complying with WTO rules, which can limit its ability to protect domestic industries from foreign competition. Additionally, the stringent intellectual property rights enforced by the WTO may hinder local innovation and access to affordable medicines. Furthermore, the agricultural subsidies provided by developed countries can disadvantage Pakistani farmers, as they struggle to compete in global markets.
Comments on wto and its function?
Function for WTO
What is scope of wto?
the WTO has no scope... lol
-With which Trips and trims are related to WTO or IBRD?
wto
Wto is part of IMF UNO GATT?
actually GATT is a part of WTO and WTO is a body under UNO
What is advantage and disadvantage of WTO in Cambodia?
The World Trade Organization (WTO) offers Cambodia significant advantages, such as increased access to international markets and the potential for economic growth through trade liberalization. However, a key disadvantage is that Cambodia may struggle to compete with more developed countries, which can lead to challenges for local industries and small farmers who may not have the resources to adapt to global competition. Additionally, reliance on exports can make the economy vulnerable to external market fluctuations.
Developments in WTO?
wto means world trade organization.
What is WTO and its relationship to India?
wto and it's relation in India
What is a flow chart of WTO?
a brife explanation of wto and its funtion
What are the advantages and disadvantages for Cambodia not being a member of the WTO?
One advantage of Cambodia not being a member of the World Trade Organization (WTO) is the ability to maintain more flexible trade policies and regulations that can cater to its domestic industries without the constraints imposed by WTO rules. This flexibility can help protect emerging sectors and support local businesses. However, a significant disadvantage is the potential lack of access to global markets and reduced foreign investment, as non-WTO members may face higher tariffs and trade barriers. Additionally, Cambodia may miss out on technical assistance and resources provided by the WTO to help improve its trade infrastructure and practices.
