Nobody downloaded yet

Voting by Consensus in The World Trade Organization - Essay Example

Comments (0) Cite this document
Voting by Consensus in the World Trade Organization Name of Institution Date Voting by Consensus in the World Trade Organization The World Trade Organization (WTO) is a global international organization that deals with the trade rules between nations…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
Voting by Consensus in The World Trade Organization
Read TextPreview

Extract of sample
"Voting by Consensus in The World Trade Organization"

Download file to see previous pages The WTO was created in order to create enforceable and binding international trade rules which are critical in promoting international trade and cooperation. Just like many of the international organizations, WTO was created to improve the socio-economic wellbeing of the individual countries and that of the world in general. In particular, WTO was to achieve this goal through trade. The Ministerial Conference is the highest authority in WTO structure; the General Council is the second level within the WTO structure; the third level in WTO structure is the councils for each board of trade; below the third level are the subsidiary bodies of the higher level councils.3 As has been noted, WTO’s main objective is to create an enforceable and binding international trade rules. As such, it needs a decision-making system which is effective and with ability to resolve the often diverging interests. It is against the background of this necessity that the WTO adopted a decision-making process that is based on consensus voting system.4 Consensus voting system refers to the voting process that aims at identifying the best consensus opinion that is arrived at through a balanced system of voting. In this type of voting, each party (in this case each member country) is allowed to suggest a proposal for debate.5 During the debate session, representatives of these countries ask questions, suggest new ideas, and seek clarifications. In this system of voting, wide ranges of voting options that have been developed in consultation with stakeholders are presented. Thereafter, decision makers are invited to rank these options- an option with higher preference gets more points.6 The practice of consensus dominates the decision-making process of the WTO even though the WTO Agreement foresees circumstances where consensus cannot be achieved. Its predecessor (GATT) did not use consensus but instead used voting as a way of making decisions. The evolution of GATT to WTO resulted to the shift from voting to consensus in the process of decision-making. The consensus voting system has worked comparatively well in the decision-making process of WTO.7 Nonetheless, this system of voting imputes that the deadlock risk and specifically the inability of a member state to legislatively respond where it is not agreeing with the panel’s interpretation or the legal interpretation of the Appellate Body.8 It has been argued that this system has intrinsically favors the status quo thereby making it difficult to effect changes. Besides, the consensus voting system has been said not to provide for influence and decision equality because not every participant has similar ability to maintain vetoes. While it is agreeable that consensus has numerous advantages, it is questionable whether this system is more democratic than the voting system that takes into account the majority rule.9 There are several instances when consensus voting system has been used in WTO’s decision-making processes. A case in point is the Agreement on Textiles and Clothing (ATC) that was decided upon based on consensus. The member states negotiated the pre-WTO clothing quotas of between 1974 and 1994 which had been negotiated upon bilaterally and was governed by the Multi-Fiber- Agreement ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Voting by Consensus in The World Trade Organization Essay”, n.d.)
Voting by Consensus in The World Trade Organization Essay. Retrieved from https://studentshare.org/history/1453219-voting-by-consensus-in-the-world-trade
(Voting by Consensus in The World Trade Organization Essay)
Voting by Consensus in The World Trade Organization Essay. https://studentshare.org/history/1453219-voting-by-consensus-in-the-world-trade.
“Voting by Consensus in The World Trade Organization Essay”, n.d. https://studentshare.org/history/1453219-voting-by-consensus-in-the-world-trade.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
World Trade Organization
World Trade Organization.The World Trade Organization is one of the relatively younger world organizations that exist to help regulate the international business community. Formally created on January 1, 1995 based upon the dictates of the Marakesh Agreement, the organization replaced the then existing General Agreements on Tariffs and Trade which was created in 1948.
2 Pages(500 words)Essay
World Trade Organization Information
The World Trade Organization was created with a goal and ultimate objective set in mind. Its ultimate goal is to improve the welfare of peoples in the member countries. The purpose is to aid trade flow efficiently, lawfully as well as predictably. It has nearly One hundred and fifty one member states, which account for 97% of world trade (Ben-David p15).
10 Pages(2500 words)Essay
The World Trade Organization
The international trade happens when goods or services are exported by a firm to another country (Hill 2003, p. 8). Moreover, Hill (2003) added that a foreign direct investment happens when a firm invests resources in business activities in the other country.
10 Pages(2500 words)Case Study
World Trade Organization
But the GATT was formed through agreement among trading countries: it did not have the international status of the International Monetary Fund (IMF) or the World Bank, both of which were international groups. Instead, the GATT Secretariat saved the signatories to the GATT.
11 Pages(2750 words)Essay
World Trade Organization Today
This paper provides an understanding of the WTO (World Trade Organization) system and its implications to government policies and international business. The issues examined include scope and definition of investment, transparency, non-discrimination, settlement of disputes and balance of payment safeguard.
5 Pages(1250 words)Essay
World Trade Organization
Having said that, we need to understand that globalization is not just a phenomenon, it is the science of human evolution and since man has for long held fast to this belief, there can be no reason as to
7 Pages(1750 words)Essay
World Trade Organization College Essay
However, Rose (2004a, 2004b) surprisingly shows that there is no strong empirical evidence that the GATT/WTO has systematically played a strong role in stimulating trade. In contrast, Subramanian and Wei (2007) and Balding (2008) find robust evidence that the GATT/WTO has had the strong positive impact on international trade.
6 Pages(1500 words)Essay
World Trade Organization Essay
Given countries' poor provision of natural resources and industry's need for significant overseas markets, the rationale for such advocacy is not difficult to discern. Initially, developed countries utilized WTO in many ways as an 'international public good' which would allow it to enjoy the benefits of greater international market access without necessarily having to make a significant contribution itself.
9 Pages(2250 words)Essay
The World Trade Organization
Doha development agenda were launched in 2001 and expected to be completed in 2005. However, this was not realized despite efforts to gather urgent dignitaries (Jones, 2010). Although the G20 endorsed the goal of concluding the talks in
1 Pages(250 words)Essay
World trade Organization
World trade Organization Introduction The world trade organization (W.T.O) is an international organization, which deals with rules and issues of trade between nations. Since its formation, the world trade organization has initiated trade agreements. These agreements entail negotiations with the world’s trading nations, which pass agreements in parliaments.
9 Pages(2250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Voting by Consensus in The World Trade Organization for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us