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p. 222. The creation of the World Trade Organizationlocked

  • Amrita Narlikar

Abstract

‘The creation of the World Trade Organization’ outlines the creation and structure of the World Trade Organization (WTO), which replaced the General Agreement on Tariffs and Trade (GATT) in 1995. Multiple non-tariff barriers had proliferated under the GATT in the 1970s and 1980s, outstripping its mandate. Thus, the WTO was formed in order to provide a coherent and unified system. The two key principles of the WTO are non-discrimination and reciprocity. The WTO differs from the GATT by having an enhanced legal status, a more intrusive mandate, a permanent secretariat, and a stronger dispute settlement mechanism. However, despite the organizational complexity, it retains the member-driven nature of the GATT.

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