The future of the WTO in world economic affairs

Abstract

Trade policy today extends its influence well beyond what has traditionally been the grist of those interested in international trade policy. Many domestic regulations relating to patents, financial services, subsidies, and support measures for agriculture are subject to WTO disciplines. Some WTO agreements raise ethical questions about the patenting of life forms, precaution and risk management, access to essential medicines, and the rewarding of indigenous peoples for their genetic resources. There are negotiations on the legitimacy of fishing subsidies that lead to fish stock depletion and recent disputes have dealt with internet gambling, genetically modified organisms and the conservati..