WTO helps poor countries as well as wealthy nations

The researchers found that the WTO operates somewhat differently for wealthy countries than it does for
developing ones in a number of critical ways. One of the most significant differences that they discovered is that
the World Trade Organization (WTO) is beneficial to wealthy nations' trade more so than it is to poor countries'
trade. Despite the fact that this may seem unjust, it is a direct result of the framework of the GATT. Developing
nations were exempted from GATT obligations for a significant portion of the organization's existence. They
did not need to make many changes in order to lower their trade barriers. The idea behind it was something
called "special and differential treatment." It should thus come as no wonder that we do not observe much of an
influence on the amount of commerce conducted by emerging nations.
More than 75 per cent of WTO members are either developing countries or the world's least developed nations.
All of the countries that are currently waiting in line to join are classified as developing nations. On-going
discussion centers on the question of whether or not the World Trade Organization adequately serves the
interests of developing nations. However, even the developing nations who are the most critical of the system
recognize that it does bring them advantages. In point of fact, very few economists disagree with the notion that
progress cannot occur without properly managed trade. Every WTO agreement includes special provisions
tailored to the needs of developing nations. These provisions can take the form of extended time frames within
which to carry out agreements and commitments, initiatives designed to expand developing nations'
opportunities for trade, and assistance in developing nations' efforts to build the infrastructure necessary for
WTO work, resolve disputes, and enforce technical standards. The world's least developed nations are afforded
a number of privileges, including exemption from certain restrictions.

The requirements of developing nations may also be used to explain acts that would not ordinarily be authorized
under the accords, such as governments offering specific subsidies. One example of this would be allowing
export subsidies to developing countries. And the discussions and other activity that were launched off at the
"Doha Ministerial Conference" in November 2001 involve a wide variety of subjects that developing nations
wish to explore. In conclusion, the World Trade Organization (WTO), which is not itself an aid organization but
does serve as a platform and clearing house for information on trade-related developmental support, does have a
role to play in the global community. The World Trade Organization (WTO) serves as the organization that is in
charge of managing the Aid for Trade program. As such, the WTO is responsible for periodically convening
together sponsors, nongovernmental organizations, beneficiary governments, and the business sector. This
conversation assists to bring attention to what is being supplied and what is required while simultaneously
supporting the creation of programs that are more appropriately planned.