INEQUITABLE TRADE RULES IN WORLD TRADE ORGANISATION (WTO)

IMPACT ON DEVELOPING COUNTRIES

  • Emeka Adibe University of Nigeria, Enugu Campus, Nigeria
  • Obinne Obiefuna University of Nigeria, Enugu Campus, Nigeria
Keywords: General Agreement on Trade and Tariffs, World Trade Organization, Phytosanitary Barriers

Abstract

The GATT (General Agreement on Trade and Tariffs) rules of 1947 were seen as prejudicial to the economic and development concerns of developing countries. With the coming into effect of World Trade Organization (WTO), it was expected that some of the concerns of the developing countries will be addressed.
Notwithstanding the tremendous improvement made by WTO, there remained many areas of the current rules of WTO that
reinforce the disadvantages faced by developing economies. This essay deals with these unfair trade rules and disadvantages
inherent in the World Trade Organization (WTO) system by critically examining some important agreements that affect developing economies, specifically the Trade-Related Intellectual Property (TRIPs), Agreement on Agriculture (AoA) and Sanitary and Phytosanitary Barriers to Trade (SPS & TBT). This essay argues that WTO rules have locked most developing countries into an unfair and unbalanced trade system leaving them little space to introduce policies that advance their economy, a situation which not only perpetuate poverty but also hampers development and runs contrary to theĀ  objective for which WTO was born and set up.

Author Biography

Emeka Adibe, University of Nigeria, Enugu Campus, Nigeria

Department of International Law & Jurisprudence

Published
2018-06-01
How to Cite
Adibe, E., & Obiefuna, O. (2018). INEQUITABLE TRADE RULES IN WORLD TRADE ORGANISATION (WTO). The Nigerian Juridical Review, 13(1). Retrieved from http://thenigjuridicalreview.com/index.php/NJR/article/view/175
Section
Articles