LYCOS RETRIEVER 
World Trade Organization: Wto Agreement
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The WTO "compromise" being pushed by the industrialized countries and the WTO director would have dealt a double-whammy to Third World countries --devastating their agricultural and industrial sectors in one blow. As Carin Smaller of the Institute for Agriculture and Trade Policy notes, "The current system hasn't worked for U.S. farmers or West African farmers. It has failed workers in Europe as well as those in Bangladesh."
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It was supposed to be the meeting where the WTO proved to its critics that trade ministers could accomplish something of substance at their annual conference. It was supposed to be the meeting where the WTO proved it could comply with its self-imposed deadline to end the Doha ROund by 2005. Instead it was the meeting where the WTO proved none of these things.
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Trade Regulation Relaxation (TRR) scored a great victory on the Net this year, with the benefits accruing to large investors worldwide. Its repercussions could "be to the Net commerce what the Millennium Round was to the WTO." Go to Mike Moore's report
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For many in the region, the WTO meeting is a sideshow, an odd assemblage of protesters and government bureaucrats from 135 countries, all arguing about minute details of trade disputes. What's in it for them is a long way off, but what is decided by the WTO eventually will have a deep impact on the region. (11.28.99) From the Seattle Times.
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In addition to explicit WTO exceptions, national trade measures may perhaps avoid being ruled a WTO violation when there is a specific trade obligation dictated in another treaty. Many analysts have speculated about how the WTO might fit into a hierarchy of international norms, should a treaty conflict occur. But so far, there is no applicable caselaw in the WTO or other international tribunal.
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The WTO Internet gambling trade conflict is by far the most significant WTO case in history and the implications are enormous. "Failure by the U.S. to meaningfully engage in the compensation talks puts at risk U.S. negotiating credibility and undermines the institutional process of the WTO," said Naotaka Matsukata, a senior policy advisor with Alston & Bird and former director of policy planning for U.S. Trade Representative Robert B. Zoellick. "With potentially up to $100 billion in damages at stake, there remains a significant threat to certain U.S. industries if the matter is not resolved in a timely manner."
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