WTO is a beacon of false hope because free trade is a mirage

Members of NGOs and trade unions protesting at the tenth ministerial WTO conference at the KICC on December 18, 2015. WTO'S role is to promote free trade globally by providing a framework for negotiating agreements and resolving disputes. But the organisation has never lived up to its mandate. PHOTO | DIANA NGILA | NATION MEDIA GROUP

What you need to know:

  • In trade negotiations, the BRIC associate more with developing countries but they have their own interests.
  • Often, large multinational companies operate behind the scenes in WTO negotiations to influence the outcome.
  • For the economies to grow, we must reduce imports through comprehensive industrialisation policies while at the same time increasing exports.
  • Africa has abundant land, mineral and labour resources, which, if harnessed well, can elevate the continent to a level whereby it can dictate terms of trade.

The World Trade Organisation’s role is to promote free trade globally by providing a framework for negotiating agreements and resolving disputes.

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