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To: Cronos
Have you read the charter of the WTO? The WTO are not merely forum. They are have a legal system and a court and last summer started funding lawsuits so that "least developed countries" can sue the "rich countries".

They impose rules on trade that are not fair, but a one way street. They often give the advantage to "least developed countries" in their trade decisions, instead of fairly determining trade rules. That is, when it comes to a trade policy that pits a "least developed countries" against a "rich country", they will allow the "least developed countries" to impose tariffs to protect their producers, at the same time fining "rich countries" for having tariffs against the "least developed countries" goods.

They have set up many programs, structural convergence funds, millenium challenge funds, infrastructure development funds, all of which take money from the US taxpayer and gives it away to "least developed countries" in a massive redistribution of wealth.

Finally,it is unConstitutional for the WTO and its system to make any rules about US trade policy, but no one wants to talk about that.

This is _not_ working out international trade disputes. It _is_ forcing a system of socialism on global trade,however.
79 posted on 03/03/2004 7:49:45 AM PST by hedgetrimmer
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To: hedgetrimmer
They impose rules on trade that are not fair, but a one way street. They often give the advantage to "least developed countries" in their trade decisions, instead of fairly determining trade rules. That is, when it comes to a trade policy that pits a "least developed countries" against a "rich country", they will allow the "least developed countries" to impose tariffs to protect their producers, at the same time fining "rich countries" for having tariffs against the "least developed countries" goods.

The WTO has ruled in favour of the US as well, look it up.
83 posted on 03/03/2004 8:05:02 AM PST by Cronos (W2K4!)
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To: hedgetrimmer
OTTAWA, Jan 16 (Reuters) - A World Trade Organization panel has ruled the United States was within its rights to impose anti-dumping duties against softwood lumber imports from Canada, a Canadian official said on Friday.

After a long series of back-and-forth negotiations and further pro-US rulings from the WTO, the United States has now been authorised to undertake retaliation to the tune of $191.4 million against Europe in connection with the banana case. Under WTO rules, the United States has the right to impose countervailing sanctions against European imports in industries totally unrelated to the dispute. The United States has chosen to impose 100% tariffs on a range of European luxury imports, hoping that the affected industries will become internal lobbyists in the EU for a change in Europe's banana policy.

The WTO is reviled in developing nations papers as being a tool of the developed nations and vice-versa. Hence it's doing a good job as an impartial board -- not favourable to either.
88 posted on 03/03/2004 8:13:17 AM PST by Cronos (W2K4!)
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