In the global ambit, the WTO provides a transparent, fair and predictable rules-based trade system that gives its members the choice in their imports and exports, and provides valuable guidelines for trade policy.
Non-discrimination is a fundamental principle of the WTO and under its agreements countries cannot normally discriminate between their trading partners and foreigners and locals are also treated equally under the so-called national treatment principle.
The WTO is also involved in continuous negotiations to lower trade barriers, and the ensuing opening of markets gives countries huge potential to develop markets. The organisation provides a fair and transparent dispute resolution mechanism in which size is not important and a small country can take on the Goliaths of the global economy.
Since all members are compelled to notify the organisation of its trade policies and practices, it is an invaluable source of information for traders in planning their trade strategies.
The response to any negativism about the Doha Development Agenda is that South Africa cannot afford not to be in the WTO. This all-important concert of nations is the forum from which our country must drive its ambition to promote trade and development and champion the cause of the sub region, the African continent and the developing world.
Department Trade and Industry, South Africa
marketing@alchempro.com
