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These countries took a common stand that was against the lavish subsidies that are showered on farmers in Western countries as that gave them an unfair handle for staying ahead of their poorer West African country cousins. In a global economy the most efficient, i.e. only those that are able to produce at lowest cost can and will survive. With the safety cushion of ample government subsidies and the additional benefit of mechanised agriculture, the farmers in industrially developed countries would quite obviously snuff ECOWAS farmers out of business.
But, some economists feel that removal of government subsidies in Western countries would neither ensure safe existence of ECOWAS farmers nor would usher in prosperity in Western African countries. Their development would be possible only when regional economic integration and improved regional infrastructure is achieved.
Africa has always been a hotbed of strife, war and riots – among communities, tribes and more often than not those promoted by governments that have incorporated low scale surrogate war against politically opposing countries as matter of state policy. Blood has been shed in Africa for reasons that may be remote or even bizarre when viewed through the prism of western sensibilities. The bloody footprints of war have messed countries right from Liberia to Sierra Leone to Guinea to Guinea-Bissau in swathe of instability and human deprivation that are inseparable outcomes from any form civil strife. However, West Africa has gone a step or two ahead of other African sub-regions in the sense that West African countries have been able to establish an international entity to monitor, arbitrate, and most importantly, prevent any further regional strife from flaring up and inflicting further human miseries.1 The Economic Community of West African States Cease-fire Monitoring
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World Trade Organization (WTO) Impacts Agriculture. World Trade Organization (WTO) Impacts Agriculture The WTO is the sole international organization that deals with the regulation of international trade. Central to the WTO lies WTO agreements conferred and signed by most trading countries and ratified within their individual parliaments.
Ury, Brett and Goldberg (1988), explain that resolving a dispute involves: a) reconciling the interests of the parties, b) determining who is right, and c) determining who is more powerful (Ury, Brett, & Goldberg, 1988). The history of the three ways to resolve disputes was developed based on the issue of ‘The Boots Dispute’.
Negotiation refers to the potential opportunistic interaction between parties who apparently have some conflict and seek to do better through a decision made jointly other than they would otherwise (Agarwal, 2009). This implies that in a negotiation context there have to be interdependent parties, conflict of interest, attempt by each party to employ particular form of interest to obtain better outcome, and, finally, the concession of give and take in resolving the conflict.
Trade ministers meeting in Hong Kong have accepted an agreement that incrementally advances long-stalled World Trade Organization (WTO) negotiations but still leaves most political and economic decisions pending for 2006. Ministers approved December 18 a final declaration aimed at giving direction for concluding the conference, formally called the Doha Development Agenda, by the end of 2006.
tion in the field, to crossing or mating plants and then selection of superior lines, and currently, use of molecular techniques to genetically engineer crops for increased yield performance.
v. Better pest and disease management strategies that include the use of contact
It was reached during this round to an agreement for the settlement of disputes between different parties, where the World Trade Organization has been authorized the settlement of bilateral disputes between
World Trade Organization and other UN agencies to control the world market from different levels because of their economic persuasion and extensive consultation on important financial matters. The three economic principles such as nationalism, economic liberalism and
There are quite a number of aspects that shape or define a local product in particular. In most cases, the members of a particular community identify with a particular product and there are certain connotations that are attached to it. For instance, the term local
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