The paper “ World Trade Organization and Multinational Enterprises' External Environmental Factors” is a perfect example of business coursework. WTO or the world trade organization has been trying since the end of the world war to come to agreements between different countries so that trade barriers between the countries can be reduced. The goal of any trade talks is to make the trade of goods and services between countries easier. The Doha round of talks aims to achieve this objective through the process of reducing import taxes also known as tariffs.
The reduction of taxes impacts ranges of goods from cars to wheat. Doha rounds also aim at reducing the subsidies that the countries give to the farmers and fisherman, lowering the taxes so that the regulatory barriers across the countries which also affect the cross border trading of the services such as banking, consulting, negotiation of intellectual property rules, and regulations on things such as drugs and copyrighted materials. Initially, these rounds of talks which were slated to begin in 2001 in Seattle were canceled over the protests from the developing countries that these would ruin their economy.
Consequently, the talks were moved to the capital of Qatar or Doha. The talk has still not come to a conclusion as the parties involved have not reached a consensus agreement. The fact that it has still not been able to reach a consensus agreement has led many to question the future of WTO and its existence in today’ s world. This issue is discussed in the following pages in greater detail. DiscussionThe WTO or the world trade organization is a global organization that deals with global rules of trade between the nations.
Its purposes are to ensure that the trade between the nations functions as smoothly, predictably, and freely as is possible (World trade organization, 2015). The Doha round of talks is the tallest in the series of talks to be initiated by the WTO. The aim of the talks is to ensure that major reforms take place in the arena of the international trading system through the process of introduction of lowering of the trade barriers and by revising the rules of trading (European commission, 2014).
The negotiation involves 20 different areas and the talks are informally known as the Doha development agenda. The fundamental objective of the talks is to improve the trading conditions of developing countries.
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