Why has the World Trade Organisation failed to establish a free trade Coursework

Why has the World Trade Organisation failed to establish a free trade regime - Coursework Example However, in practice, failures in the context of the WTO process have not been avoided – signs of this trend have been revealed during the Round of Tokyo where the issue of the establishment of WTO appeared for first time. In the above Round the lack of agreement on the Agenda’s major issues (Lowenfeld et al., 2003, p.58) indicated the severe procedural problems that would follow. The introduction of WTO has been related to the achievement of specific targets. The increase of cooperation among the member states in regard to the international trade has been the main goal of the particular organization. Another similar aim has been the improvement of the terms of trade in the context of the international community – a fact that could also benefit the conditions of trade within national markets. In practice, WTO has failed to meet the expectations of its creators. A series of facts can be used for explaining the specific phenomenon. At a first level, the development of the procedure established by WTO requires the use of accurate and updated data. Otherwise, the fairness of the procedure can be doubted – leading to severe delays in regard to the resolution of the dispute involved (World Trade Organization, 2005, p.2106). The lack of accurate data necessary in the discussion of disputes before the WTO’s relevant bodies (the panel or the Appel late Body) is a common problem. The above problem has led to the decrease of the organization’s credibility as a key negotiator in the resolution of disputes on international trade. In accordance with Deutsch et al. (2001) one of the most important problems of WTO as an institution of the international community is its weakness to promote effective solutions in regard to key international trade problems. The weakness of this institution – compared to other international organizations – is the reason for the failure of WTO to proceed to the analytical