African Trade Growth or Trade Deficit: GATT/WTO Rules as Trojan Horse on African Trade Development
Type de ressource
Auteur/contributeur
- Obida, Idibia Daniel (Auteur)
Titre
African Trade Growth or Trade Deficit: GATT/WTO Rules as Trojan Horse on African Trade Development
Résumé
The principle of Most Favored Nation
(MFN) as a GATT rule as annexed to World Trade
Organisation (WTO) is viewed as very crucial in the
operations of the WTO amongst member countries.
Another rule of striking importance is the standard of
non-discrimination inserted in the MFN rules. As against
the background, this study addresses the routine
conviction with respect to the viability of GATT laws and
WTO rules in the light of non-discrimination principle
and Multifibre Agreement (MFA) and, The National
Treatment Principle. The study explores the standards of
these rules which are whittled down with concrete
exemption clauses. These clauses make the adequacy of
unhindered commerce guideline perplexed amongst
member nations especially, the Sub-Saharan Africa. The
study finds that rules of GATT having been made since
1947 at the time when Africa‟s economic development was
annexed to their colonial masters and therefore, not in
contemplation by the progenitors. The realization that
Africa ought to be given chance to develop come too late
within the GATT rules. The study finds that the current
GATT structure cannot advance the promotion of African
trade. The study addresses the grouping of African
nations with other nations like Asia, India and South
America as a misnomer and erroneous as Africa is the
least developed in terms of international trade bargaining
power among other developing countries. The study after
analyzing MFN, MFA, National Treatment principle and
Transparency rules of GATT, concludes they are
development deficit as against trade promotion. The study
further concludes that the difficulties in finding an
acceptable definition of the „like product‟ by several
Dispute Resolution Panels as laid down by GATT makes
nonsense of the rule and a lacuna in the definition of
Article III (2) and III (4) as they are components of
paralysis of non-clarifications.
Publication
World Journal of Research and Review
Volume
6
Numéro
2
Pages
262691
Date
2018/02
Abrév. de revue
WJRR
Langue
EN
ISSN
2455-3956
Titre abrégé
African Trade Growth or Trade Deficit
Catalogue de bibl.
Autorisations
(c) World Journal of Research and Review, 2018
Extra
Publisher: Nextgen Research Publication
Référence
Obida, I. D. (2018). African Trade Growth or Trade Deficit: GATT/WTO Rules as Trojan Horse on African Trade Development. World Journal of Research and Review, 6(2), 262691. https://media.neliti.com/media/publications/262691-african-trade-growth-or-trade-deficit-ga-643b611e.pdf
Thématiques
Lien de cet enregistrement