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World Trade Organization's (WTO) mission statement

The mission of the WTO aims to encourage smooth and free trade by promoting lower trade barriers and providing a platform for the negotiation of trade and it resolve disputes between member nations, when they arise. The goal is to help producers of goods and services, exporters, and importers conduct their business

Is the WTO accomplishing its mission? Explain.

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The answer to this question is of course highly subjective depending upon whom you are asking. Below is a little background information regarding the principles of the WTO trading system.

The WTO discussions should follow these fundamental principles of trading.

A trading system should be discrimination-free in a sense that a country cannot favor another country or discriminate against foreign products or services.
A trading system should be freer where there should be little trade barriers (tariffs and non-tariff barriers).
A trading system should be predictable where foreign companies and governments can be sure that trade barriers would not be raised and markets will remain open. ...

Solution Summary

The solution provides background information regarding the principles of the WTO trading system, and then offered a conclusion with examples.

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