The Wto Agreement

722 Words3 Pages
According to article XII of the WTO agreement, “Any state or customs territory having full autonomy in the conduct of its trade policies is eligible to accede to the WTO on terms agreed between it and WTO Members”. If a country is capable of joining this organization, it can benefit their country as well. World Trade Organization’s efforts help sustain a forever changing economy, not perfect, but it does help balance of world trades. In my opinion, section three, stimulate economic growth and employment, also the fourth section, cut the cost of doing business internationally, has some great ideas about how we can help the average workers, making trading simpler, plus help those who fell below into poverty line. Section three of the World Trade Organization (WTO), “stimulate economic growth and employment”, I can relate to the poverty and working a low-level job. I, personally, was raised in an average income home in my early stages of childhood. My father was a chicken plant assembler with a company called Shower farm. Another name that is familiar, Perdue Farm. Then later, at the beginning stages of my secondary school era, my father became ill and lost his job. He was the head of household, the breadwinner. My father only had a few savings, 401k and that was it, so we ended falling into the poverty line, less than six months after his illness. My mother has been disabled for nearly nineteen years before I was born and still is, until this present day. Due to the competition from Perdue in later years cause a lot of the workers to be laid off. I comprehend, now the process what it takes for a business to remain in business or what stakes is considered as a dog. I still thought that the company could afford the technology, so th... ... middle of paper ... ...ows an example of the Boeing Company’s Dreamliner aircraft parts comes from multiple places. I recall a few of the key principles in non-discrimination, “being transparency, increased certainty about trading conditions and simplification and standardization of customs procedure, removal of red tape, centralized databases of information, and other measures to simplify trade, known as ‘trade facilitation’’. These principles can make trading simpler, cut companies’ costs and have more jobs, better goods and services for consumers. The developing countries are benefiting from the trade facilitation. Trade facilitation is an interesting way to provide and motivate innovation. As the WTO’s brochure describes it is an improvement for developing countries to be developed. Trade facilitation can provide more jobs, encourage training/higher education and advance technology.
Open Document