Introduction
World Trade Organization also aims at ensuring prosperity, accountability and a peaceful coexistence of nations on the economic matters. It effectively does so through its consensus decisions which require ratifications from the members parliaments. And in case of trade conflicts between nations, WTO settles the disputes by interpreting its already established policies. By so doing WTO regulate the dispute spilling over into ideological, military and political conflict. The organization also breaks down the trade barriers between people and nations by lowering tariffs (Hoekman, Mattoo & English, 2002).
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