• ITVI.USA
    15,466.420
    -70.120
    -0.5%
  • OTLT.USA
    2.742
    -0.012
    -0.4%
  • OTRI.USA
    20.530
    0.040
    0.2%
  • OTVI.USA
    15,439.080
    -68.090
    -0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,466.420
    -70.120
    -0.5%
  • OTLT.USA
    2.742
    -0.012
    -0.4%
  • OTRI.USA
    20.530
    0.040
    0.2%
  • OTVI.USA
    15,439.080
    -68.090
    -0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

MOORE: "WTO IS NOT A SUPRANATIONAL GOVERNMENT"

MOORE: “WTO IS NOT A SUPRANATIONAL GOVERNMENT”

   Mike Moore, director-general of the World Trade
Organization, has defended the record of the trade organization and rejected criticism
that it is undemocratic.
   "The WTO is not a world government, a global policeman, or an agent for
corporate interests," Moore said. "It has no authority to tell countries what
trade policies – or any other policies – they should adopt. It does not overrule national
laws."
   Moore said that WTO decisions are made by member states, agreements are
ratified by parliaments and every two years ministers meet to supervise its work.
   Speaking in the wake of demonstrations in Seattle against the trade body,
Moore said that dismantling trade barriers would increase world economic output by 3
percent and would benefit the poorest nations the most.
  The WTO is an international organization that "mediates trade disputes, seeks
to reduce barriers between countries, and embodies the agreements," Moore said.
   Moore quoted President Bill Clinton as saying that "globalization is not
a policy choice, it’s a fact."
   "Consider this," Moore added. "Exports have accounted for more
than a quarter of U.S. economic growth in the United States in the past six years. And
almost 20 million new jobs."
   Moore said that trade is not the answer to all the problems, but it provides
part of the solution.

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