World Trade Organization

Globalisation Benefited Only Transnationals

The Hindu | By Amit Baruah JAKARTA, MAY 28. India today said that transnational corporations, rather than countries, had reaped the benefits of the globalisation process. Addressing the 22nd meeting of G-15 Foreign Ministers, the Minister of State for External Affairs, Mr. U. Krishnam Raju, said the income gap between the rich and poor nations had only widened.

USTR Official Sees Changes to WTO Dispute Settlement

Inside US Trade | May 25, 2001 A senior U.S. trade official signaled on May 21 that the U.S. would seek changes to the World Trade Organization's dispute settlement system in a new round of global trade talks, and hinted that one possible approach to improving the system would be to establish an alternative framework for multilateral dispute settlement outside of the WTO.