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World Trade Organization: Wto Agreement
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The World Trade Organization by its own admission is not just about trade. According to the WTO website, liberalizing trade actually takes a back seat to its more activist ambitions, such as “development”-- a euphemism for wealth-transfers from rich nations to poor nations.
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CIGNA was an advocate for China's entry into the World Trade Organization (WTO) and CIGNA became the first American insurance company to establish a joint venture life insurance company in China after China entered the WTO in 2001. Today, CIGNA's joint venture operation, CIGNA & CMC Life Insurance Co. Ltd., has been recognized as the leader in the direct distribution of protection-oriented life, accident and supplemental health insurance products. Fortune magazine and Watson Wyatt recently named CIGNA's joint venture operation as one of the top 10 companies to work for in China.
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Although WTO rulings have most often targeted environmental protections, the organization has ... drawn strong criticism from labor unions. Among other complaints, they argue that the WTO should adopt rules in support of internationally recognized labor rights as a way to prevent corporations and governments from gaining an unfair trade advantage by abusing workers.
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-- On October 16, Harvard's GPSTS will explore a major dispute in the World Trade Organization over the legality of online poker and other forms of gaming. The WTO matter pits the tiny island of Antigua against the Bush Administration, with billions of dollars of trade concessions at stake.
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The WTO can trace its roots back to trade in pornography featuring a young model named Bretton Woods, considered by many to be the most beautiful woman alive in the 1970s. She fell victim to the feminism movement, whose proponents refused to acknowledge her beautiful features ("the gold standard") at face value. With the rise of Ronald Reagan and other neofeminists in the 1980s, a new system was needed.
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If things come together in July, it will instill confidence in business that the WTO can really achieve something,'' said David Woods, managing director of World Trade Agenda, a consultancy in Geneva. Whatever comes out in July will be so broad that business in late 2005 will be able to push for the more specific actions that are needed.''
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