Present and Future of the World Trade Organization

Abstract

The WTO has played a key role in globalization and the development of free trade; its results are interesting for those countries and transnational companies that lead the value chains; free trade agreements and the broad participation of countries; but above all, having regulated international trade is among the most important. However, there is growing discontent, even in its main promoter (the United States), not to mention in countries for whom the poor results obtained are questioned by the majority of their inhabitants, due to the precariousness of employment, the reduction of purchasing power and the unemployment generated. The differences and controversies between the United States and China create uncertainty about the role of the WTO, slow down investments and hasten a comprehensive restructuring of the system. In key aspects such as dispute settlement and free trade agreements, their processes and procedures.