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    wto
    [ noun ]
    an international organization based in Geneva that monitors and enforces rules governing global trade
    <noun.group>


    1. The entire dispute settlement process of the WTO, one of the main US objectives in the launch of the Uruguay Round, could thus be put at risk.
    2. There is nothing in General Agreement on Tariffs and Trade rules - rules soon to be assumed by Gatt's successor organisation, the WTO - that precludes consideration of environmental issues during a multilateral negotiation.
    3. The WTO, it seems, is contemplating the admission of "Palestine," a creation of the Palestine Liberation Organization, to membership and State rightly objects.
    4. Whatever his motives, that has won no favours, but merely encouraged China's negotiators to concentrate on driving a wedge between the EU and the US. China's membership of the WTO remains a highly desirable objective.
    5. Mr Kim Chul-su of South Korea, with Japan and most of Asia behind him, is also proving a more formidable candidate than expected. Meanwhile, intensive negotiations this month in Geneva on China's bid to join Gatt and the WTO have made little headway.
    6. Canvassing for Mr Kim among trading partners has only just begun, according to South Korean officials in Geneva. Many developing countries would in principle like to see a Third World candidate head the WTO, which will succeed Gatt next year.
    7. We don't want it to be too Euro-centred.' Yet privately, senior Japanese diplomats admit that even with support from Japan and Australia, Mr Kim may still be an outsider in the WTO race, due to be settled by consensus, probably by the end of November.
    8. Now efforts are being made - for highly suspect reasons - to add the still more controversial question of workers' rights and labour standards. The US has already moved to have the matter placed on the WTO agenda.
    9. But some European governments have indicated that they will not accept North Americans in both the WTO and OECD jobs.
    10. It's catch-up time: we need to start addressing issues of the 1990s. The leader also criticises the long-standing US policy of trying to pry open Japanese markets for all exporting countries, and suggests it be referred to the WTO.
    11. We have already lost too much time.' In his view, the WTO's central task will be to organise a framework for that competition.
    12. The German bid should be seen in that light and weighed against the obvious conveniences of remaining in Geneva where so many countries have joint missions to the WTO, WIPO, and UNCTAD.
    13. Developing countries have mostly come round to the benefits of intellectual property protection and within the WTO, the initial emphasis is expected to be on implementing the new agreement, which is virgin trade territory.
    14. However, some officials are still hopeful that the decision on the choice of WTO chief can still be made by next month. A third round of consultations among Gatt members on the WTO appointment is taking place in Geneva this week.
    15. However, some officials are still hopeful that the decision on the choice of WTO chief can still be made by next month. A third round of consultations among Gatt members on the WTO appointment is taking place in Geneva this week.
    16. In contrast to arrangements in the International Monetary Fund and World Bank (reflecting America's dominance in 1944), the European Community's role in a WTO would reflect the fact it now accounts for the largest share (20 per cent) of world trade.
    17. A smaller example is its willingness over the past week to deepen trade links with Taiwan, thereby risking China's anger. All in all, it adds up to a Japan that looks as if it wants to take a more vigorous role in shaping the WTO than it did in Gatt.
    18. The US, which has taken the lead in the negotiations, has said it wants China to join the WTO, but has made clear its determination to strike a hard bargain. The Clinton administration is under strong domestic pressure to stick to its guns.
    19. Japan is not, he hastens to add, seeking a specifically Asian regional voice for the WTO, which it wants to be as global in its influence as the next man.
    20. Both the US and France say that without some commitment at Marrakesh to discuss workers' rights they will block the setting up of a committee to manage the transition next year from the Gatt to its successor body the World Trade Organisation (WTO).
    21. If the WTO is to get the leadership it needs, it is important that the choice of contenders be as wide as possible.
    22. Their main concerns are: That its wording is too vague and could lead to indiscriminate attacks on any trade practices used by other WTO members, rather than only those which are actionable under WTO rules.
    23. Their main concerns are: That its wording is too vague and could lead to indiscriminate attacks on any trade practices used by other WTO members, rather than only those which are actionable under WTO rules.
    24. Exhausted by the eight-year Uruguay Round marathon, many Gatt members hope the WTO will end such ordeals by developing into a permanent negotiating forum.
    25. Mr Sutherland, who is Irish, has denied seeking the job. The workability of the new WTO will be established quickly through the use of its trade disputes procedure, according to Mr Sutherland.
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