What governments have agreed to put into practice includes:
— lower trade barriers
— trimming red tape in customs and trade
— justifications for restricting imports on health, safety and environmental grounds that are rational, not arbitrary
— disciplines on how they can react when imports increase sharply or the prices of imports tumble
— limits on harmful agricultural subsidies
— access to services markets
— intellectual property protection.
They also want to know that other countries are keeping their promises too — that’s a right in addition to their own obligations to keep to the rules. And often they want to see how other countries are putting the rules into practice because they can learn from each other.
Much of this work is technical and detailed. It involves countries sharing information with each other and with the public, on anything within the WTO’s scope, from “anti-dumping” investigations to labels listing food ingredients, from copyright law to measures taken to combat bird flu.
It also includes opportunities for countries to comment on each other’s actions and sometimes to influence the final outcome.
In the WTO’s first 16 years, governments sent in over 10,000 “notifications” just on their regulations for food safety and animal and plant health — very detailed, very technical, but very important for specialists, essential for trade and for health.
This does not make headlines — when it works, few people notice. When there is a problem, that’s when it becomes news. So when the WTO is not in the headlines, it’s likely that things are going well, at least as far as day-to-day trading is concerned.
That, in a nutshell is what the WTO’s routine work is about. Without it, the negotiations would be pointless.