An Analysis of WTO, European Union, China and the UK relations - Essay Example

Only on StudentShare

Extract of sample
An Analysis of WTO, European Union, China and the UK relations

From time to time other issues such as red tape and exchange rate policies have also been discussed. Opening markets can be beneficial, but it also requires adjustment. The WTO agreements allow countries to introduce changes gradually, through “progressive liberalization”. Developing countries are usually given longer to fulfill their obligations.
• Predictability through Binding and Transparency
Sometimes, promising not to raise a trade barrier can be as important as lowering one, because the promise gives businesses a clearer view of their future opportunities. With stability and predictability, investment is encouraged, jobs are created and consumers can fully enjoy the benefits of competition — choice and lower prices. The multilateral trading system is an attempt by governments to make the business environment stable and predictable.
• Promoting Fair Competition
The WTO is sometimes described as a “free trade” institution, but that is not entirely accurate. The system does allow tariffs and, in limited circumstances, other forms of protection. More accurately, it is a system of rules dedicated to open, fair and undistorted competition. ...Show more


WTO, better known as the World Trade Organization, is an organization of countries created to facilitate and liberalize the mechanics of international trading. It was actually the successor of the General Agreement on Tariffs and Trade (GATT)…
Author : dustin95
An Analysis of WTO, European Union, China and the UK relations essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"An Analysis of WTO, European Union, China and the UK relations"
with a personal 20% discount.
Grab the best paper

Related Essays

Is it possible for EU Multinational investment in China to benefit both the EU and China
5 The Benefits of EU-China Investment and Trade Relationship 7 Key issues EU investors face in China 9 Can these issues be resolved to benefit both EU and China? 12 Conclusion 16 References 17 Introduction Developing and sustaining a stable trade relationship with the key emerging economies has become a strategic priority for the developed world.
16 pages (4000 words) Essay
Critically assess the scope, meaning and relevance of non-discrimination in WTO law
Looking back at history, most of the major wars in recent past were usually fought over resources and so the World Trade Organization is a step in the right direction by removing these irritants so trade can flow in a free, smooth and equitable manner. This is what WTO is all about and this world trade body is remarkable for one characteristic: decisions are made by the entire body (all member-governments represented by a designated minister, ambassador or trade delegate) sitting as committee of the whole.1 The WTO is built on the crucial principle of non-discrimination because trade discrimination had been the cause of irritants before.
14 pages (3500 words) Essay
How Far, and in What Ways, Has Membership of the European Union Infuenced Employment Relations in the UK
However a debate about Britain’s stay in the United Kingdom rose during 1975 where a voting activity in regards to such was carried out by a national referendum. The voting activity went in the favour of United Kingdom in the ratio of 2:1 thereby enhancing its stay in the body.
7 pages (1750 words) Essay
Is China a 'rule maker' or a 'rule taker' in the international system
With the growing power of China, China would seek to alter the international institutions fundamentally and would replace them with the new institutions. Neoliberals, on the other hand place their focus upon the lack of comfort of the authoritarian regime of China with a multi-stakeholder system to predict the direction in which change would be pursued by China.
16 pages (4000 words) Essay
UK Shouldn't leave European union
This report has specifically highlighted the things which are unacceptable for the British reign. The conclusion which is drawn after the discussion is that UK should not break its alliance with the European Union. The EU is a strategic alliance of the member countries formed to deal with the social challenges of the economy.
12 pages (3000 words) Essay
Alienated to the Far East, there was always the possibility that the sleeping giant would awake and explode upon the world. However, the awakening was slow, but powerful all the same. Secondly, the fact that China would emerge as a strategic partner with the EU is all the more interesting given their roles in the Cold War Era.
19 pages (4750 words) Essay
Foreign Policy of China
The investigator examines the foreign policy of China. It should be noted that China is still a one-party state ruled by the communist party. Besides, China has a “new political ideology” in former President Jiang Zemin's ‘Three Represents theory’, which is now starting to catch on with the Chinese masses after almost three years of nonstop official propaganda.
18 pages (4500 words) Essay
The European Union and Employment Relations
Article 119 is considered to be one of those solid frameworks upon which Gender policies rest. (Ellina, 2003, p. 21) An example of negotiation is the Introduction of the new article 13 of the Amsterdam Treaty, which prohibits any discrimination on the basis of disability.
6 pages (1500 words) Essay
Developments in european & pacific rim trade
The first fundamental principle is divided into two parts: the most favored nation: treating other people equally which states that countries members of WTO can not normally discriminate between their trading partners, give special advantages to some partners and do act in the same way to all partners.
8 pages (2000 words) Essay
A Case Study of the Foreign Policy of China
According to the paper there are two dominant approaches to political decision making in general and foreign policy decision making in particular: rational choice and cognitive psychology. Cognitive Theories are those which examine the role of psychological processes – perception, misperception, belief systems – on the foreign policy behaviour of states. It includes theories such as classical realism, neo realism, neo classical realism, liberalism, neo liberalism.
19 pages (4750 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email