Hello There, Guest! (LoginRegister)

Post Reply 
WTO article from Inc
Author Message
DrTorch Offline
Proved mach and GTS to be liars
*

Posts: 35,887
Joined: Jun 2002
Reputation: 201
I Root For: ASU, BGSU
Location:

CrappiesDonatorsBalance of Power Contest
Post: #1
 
Selected quotes (more or less in context)

Quote:The Geneva-based group, which is modeled on the United Nations and has 148 member states, was set up as a forum for governments to negotiate trade agreements, settle disputes, and hash out a system of trade rules.

Quote:  The case that the WTO is responsible for this expansion of trade is a pretty good one.  While big multinationals rely on money, political access, and armies f lawyers to protect their interests on a global scale, the WTO's efforts halp the average firm.

Quote:  To be sure, there is still work to be done.  Tariffs remain high in many countries.  While two-thirds of all goods imported into the US are duty-free--and our average industrial tariff falls below 2%--many nonindustrial nations maintain tariffs that are 12 times as high.

Quote:Nevertheless, customs procedures are often so antiquated that [Chris] Padilla says some countries don't post rules on the Internet, can't rush approval for express deliveries, and maintain different rules and fee structures in different ports in the same country.

Quote:Beijing has maintained its currency at its 1994 level against the dollar, thus artifically increasing the prices of our exports and lowering the prices of theirs, enabling them to flood the international markets with cheap goods.

Quote:A few years ago, the European Union brought a complaint against the U.S. before the WTO, arguing that those [tax advantages for exports] amounted to subsidies.  The Europeans won.
But then,...the WTO ruled that E.U. countries were allowed to keep tax breaks for their small businesses.

Keep in mind who's working against the US trying to balance its trade deficit, and keep people working.
12-14-2004 12:39 PM
Find all posts by this user Quote this message in a reply
Advertisement


Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.