vrijdag, februari 11, 2005
The WTO Is in Trouble
TCS: Tech Central Station | "Free trade agreements (FTAs) are popping up everywhere. In its first term the Bush Administration got four through Congress and started another three. China is now negotiating FTAs with Chile and New Zealand. Not everyone thinks they are good. Peter Sutherland, Chairman of BP Amoco, has just told the Director General of the World Trade Organization (WTO) they threaten the WTO.
The WTO is in trouble, but not because of that. The core value in the WTO -- everybody liberalizes for the common good -- is under threat. At least half the membership of the WTO no longer think this is what the WTO is for."
