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| WTO Impact on Small
Business |
The World Trade Organization is the most
powerful legislative and judicial body in the world. By
promoting the "free trade" agenda of multinational corporations
above the interests of local communities, working families, and
the environment, the WTO has systematically undermined democracy
around the world.
In the eight years of its existence, WTO panels composed of
corporate attorneys have ruled that: the US law protecting sea
turtles was a barrier to "free trade"; that US clean air
standards and laws protecting dolphins are too; that the
European Union law banning hormone-treated beef is illegal.
According to the WTO, our democratically elected public
officials no longer have the rights to protect the environment
and public health.
Unlike United Nations treaties, the International Labor
Organization conventions, or multilateral environmental
agreements, WTO rules can be enforced through sanctions. This
gives the WTO more power than any other international body. The
WTO's authority even eclipses national governments.
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Federation of Indian Micro and Small & Medium Enterprises |
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