World trade organization
WHAT ARE THE FUNCTIONS AND BENEFITS OF WORLD TRADE ORGANIZATION WITH A REFERENCE TO ANY AFRICAN COUNTRY. CRITICALLY DISCUSS?
The research MUST have INTRODUCTION, MAIN BODY and CONCLUSION
The research essay must have an abstract of no more than 200 words. The main purpose of the abstract is to present the reader with the juridical question with which the essay is concerned. The research essay shall not exceed 3000 words (which includes the footnote references and the abstract but not the bibliography). The work must be in Microsoft Word format with 1.5 spacing and in Times New Roman font size 12. The pages must be numbered appropriately.
You must fully reference the essay consistent in style throughout the text with footnotes. You must use the OSCOLA referencing style. A copy is in the course https://www.law.ox.ac.uk/published/OSCOLA_Quick_Reference_Guide_001.pdf.
The essay must include a well-ordered consolidated bibliography at the end of the paper. The bibliography should be adequately ordered according to primary and secondary sources and in alphabetical coherence.
Sample solution
Abstract:
The World Trade Organization (WTO) is an international organization that regulates and promotes international trade among its member countries. The organization was established to ensure fair, predictable, and open trade relations among nations. This research paper aims to discuss the functions and benefits of the WTO, with a specific reference to Uganda. The main body of the paper will examine the key roles of the WTO, including promoting free trade, providing a forum for negotiation, ensuring fair trade, and providing technical assistance and training. The paper will also discuss the benefits that Uganda has gained from its membership in the WTO, such as increased market access, foreign investment, and technical assistance. Overall, the WTO has played a vital role in promoting economic growth and development in Uganda and other developing countries, and the country’s continued participation in the organization will be crucial for its long-term economic success.
Introduction:
The World Trade Organization (WTO) was established in 1995 with the primary objective of promoting free and fair trade among its member countries. Uganda joined the WTO in 1995, and since then, the country has experienced significant economic growth and development. The WTO plays a vital role in regulating international trade and ensuring that countries adhere to fair trade practices. This research paper will examine the functions and benefits of the WTO, with a specific focus on Uganda.
Main Body:
The functions of the WTO are fourfold. Firstly, the organization promotes free trade by reducing trade barriers and encouraging member countries to lower tariffs and trade restrictions. Secondly, the WTO provides a forum for member countries to negotiate trade agreements and resolve trade disputes. Thirdly, the organization ensures fair trade by enforcing rules on anti-dumping, subsidies, and intellectual property rights. Finally, the WTO provides technical assistance and training to developing countries to help them participate in the global trading system.
Uganda has benefited significantly from its membership in the WTO. One of the main benefits of the organization is increased market access for Uganda’s goods and services. Through trade agreements negotiated through the WTO, Uganda has been able to expand its exports to other countries, which has led to increased economic growth and development. The organization has also helped to attract foreign investment to Uganda by signaling to investors that the country is committed to open and fair trade. Additionally, Uganda has received technical assistance and training from the WTO to help it develop its trade policies and negotiate trade agreements.
Conclusion:
The World Trade Organization plays a crucial role in promoting free and fair trade among its member countries. Uganda has benefited significantly from its membership in the organization, including increased market access, foreign investment, and technical assistance. The WTO has been instrumental in promoting economic growth and development in Uganda, and the country’s continued participation in the organization will be vital for its long-term economic success. It is important for Uganda to continue to work with the WTO to ensure that its trade policies are aligned with international standards and to take advantage of the organization’s technical assistance and training programs.
