The completion of the WTO free trade agenda will produce both winners and losers in the EU: To what extend do you agree?

Résumé du document

The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalization. The WTO is the only international agency overseeing the rules of international trade. It polices free trade agreements, settles trade disputes between governments and organizes trade negotiations. So, when the US and the European Union are in dispute over bananas or beef, it is the WTO which acts as judge and jury.

WTO is the only global international organization dealing with the rules of trade between nations. The WTO agreements have been negotiated and signed by the majority of the world's trading nations and ratified in their parliaments. The main aim is to help producers of goods and services, exporters, and importers conduct their business.

Extraits

[...] But there are also some losers within the EU which have been affected by the WTO free trade agenda, notably with a new member: the China. As I explained above, I focus on the textile and clothing industry in China. III- The losers in EU Regions affected As an example, Portugal is particularly vulnerable to the ending of the Multi-Fibre Agreement (MFA) arrangements because textile and clothing manufacture is composed of an important part in its economy. Portugal is the sixth-largest textile producer in the EU in terms of clothing. [...]

[...] This decision affects Western European workers who are affected by a high rate of unemployment. Unemployment The number of workers in France who risk losing their jobs by the Chinese textile "invasion" is about 7,000; it would be a pittance to compensate them especially as their salaries tend to be among the lowest. This case is similar in other European textile-producing countries (Greece, Spain, Portugal, and Italy); according different European daily newspapers. According to the Clothing Federation, jeans manufacturer Levi Strauss announced the closure of three factories in Belgium, with the loss of 1,034 jobs, as well as one in France. [...]

[...] So, to what extent the completion of the WTO free trade agenda will produce both winners and losers in the EU? The free trade in the context of a new agreement The European Union is the world's biggest trader, accounting for 20% of global imports and exports. Free trade among its members underpinned the successful launch nearly 50 years ago of the EU. The Union is therefore a leading player in efforts to liberalise world trade for the mutual benefit of rich and poor countries alike. [...]

[...] So, we can say that the entrance to China in the WTO has made big losers particularly in the textile sector within the Western European countries. dumping Social dumping is a practice involving the export of a good from a country with weak or poorly enforced labour standards, where the exporter's costs are artificially lower than its competitors in countries with higher standards, it represents an unfair advantage in international trade. It results from differences in direct and indirect labour costs, which constitute a significant competitive advantage for enterprises in one country, with possible negative consequences for social and labour standards in other countries. [...]

[...] The independent trade unions are prohibited, and the rules about hygiene and safety are broken frequently. That is why; I take the liberty of thinking and writing that some high social and environmental norms could be fairer and more bearable for the workers both in the North and in the South. To conclude, we can say that everybody benefits from free trade within the WTO, indeed, the system helps to promote peace; it provides more choice of products and qualities for consumers, in the same way free trade cuts the costs of living. [...]