World Trade Organization |
World Trade Organization This treaty favors "free trade," reducing tariffs and protectionism and isolationist measures taken by some nations to protect their own industries. It might be considered a type of government of its own, a world trade government by a supra-national body in Geneva that sets, administers, and enforces the rules. It includes a legislature called the Ministerial Conference, consisting of 135 nations each with one vote; an executive branch consisting of a Director-General and a multinational bureaucracy; and a supreme court of trade called the Dispute Settlement Board that decides trade disputes in secret and whose rulings cannot be vetoed by any nation. The WTO has already ruled against the United States four times. None of the people in these positions get there by being elected, nor may they be removed by the People.
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