Bangladesh Stakes in Current WTO Negotiation
4 Pages Posted: 1 Apr 2009
Date Written: March 31, 2009
The World Trade Organization (WTO, 1995) is carrying out a very difficult task from its day one of operation. It works to reduce Tariff & Non-tariff barriers to promote international trade. It negotiates with the member countries in multilateral level to facilitate trade & investment globally, works to mitigate international disputes, and also works as a platform to promote technical & trade related aid towards the LDCs.
Currently world is going through a very dangerous financial crisis, during & post financial crisis period protectionism may grow again. If so then WTO will have to face a comparatively tougher situation. After all we hope that, WTO will never loss its momentum, its will prove its necessity and work to facilitate globalization in a balanced way. As we all know that, Bangladesh is till now a Least Developed Country (LDC). But it has many important task to do to promote our export and raise our foreign currency reserve so that our economy can go forward up to a developed country.
As we know that, currently three negotiations are ongoing in the WTO negotiation table these are - a. Non-Agricultural Products Market Access (NAMA) b. Agriculture, and c. Service At the same time following working groups are working parallel, a. Trade Facilitation b. TRIPs and Technical Barriers to Trade c. Trade Related Technical Assistance d. Trade and Environment
Keywords: WTO and Bangladesh
JEL Classification: Md. Joynal Abdin
Suggested Citation: Suggested Citation