The World Trade Organization ( Wto ) Essay

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garnered support on both sides of the aisle. Much of the current sentiment formed of the TPP comes from research of the development of the predecessor of this agreement: the General Agreement on Tariffs and Trade, which is commonly known today as the World Trade Organization (WTO). The slow negotiations of the WTO in the Uruguay Round and Doha Round has led to a power struggle between superpowers such as China, Russia, and the U.S. over influence within developing bilateral and regional trade agreements. As a result of the stale nature of large multilateral agreement negotiations such as the WTO, more regional free trade agreements are expected to be enacted before any large free trade agreements can be agreed upon based on Richard Baldwin’s “Domino Theory of Regionalism”. One of the more prominent regional free trade agreements created during this period of uncertainty is the North American Free Trade Agreement (NAFTA). Like many regional free trade agreements, NAFTA “did not cause the huge job losses feared by the critics or the large economic gains predicted by supporters” (Villarreal and Fergusson). This agreement proved to be more influential in its role of hastening the Uruguay Round of negotiations of the WTO as “the U.S signed NAFTA with Canada and Mexico to impose more pressure on European countries and other GATT contracting parties” (Mu). While the TPP only brings about modest improvements in global trade, it does propose a new structure for an improved clause…

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