September 22, 2015

How the World Trade Organization screws America

Economy in Crisis - The WTO routinely trumps U.S. laws and conventions with its rulings. According to former trade representative Robert Lighthizer, the U.S. is one of the most sued nations in the WTO and we lose the majority of cases brought against us. By signing the agreement with the World Trade Organization, the U.S. Congress agreed to concede a major portion of our sovereignty and permit the usurpation of our democratic legislative process, including:
  1. Conforming U.S. laws, regulations and administrative procedures to the will of the WTO (Article XVI, p. 10)
  2. Subjecting all state and local laws and practices that affect trade to international review by the WTO (Article XVI, p. 10)
  3. Allowing any WTO member country to challenge federal, state and local laws and practices as trade impeding (Section 2 of the Dispute Settlement Understanding)
  4. Taking all trade disputes to the WTO judiciary – giving the WTO final jurisdiction over all trade altercations. No appeal exists outside of the WTO (Section 2 of the Dispute Settlement Understanding)
  5. Empowering the WTO to enforce its rulings by imposing fines on the United States until we comply
  6. Disallowing Congress to change the agreement.
It is absolutely imperative that we renegotiate terms or completely withdraw from the WTO. What benefits does our nation receive from being a part of this corrupt organization? While we routinely have to overturn laws and face penalties, nations such as China and members of the European Union have been free to run amok over international trading laws.
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1 comment:

Capt. America said...

There is a basic lack of understanding that the sole purpose of trade agreements is to provide a framework for cheating. Free trade is trade war, and there are winners and losers, but what has China won? It has the largest economy in the world by far if you exclude chasing paper and rebranding from the GDP, but they have foolishly structured their economy to depend on exports. To win a trade war is not necessarily to come out ahead. You come out ahead when you victimize a small country, or state, or territory, the way the Germans are destroying Greece and the way the US destroyed West Virginia and Porto Rico for example. (Porto Rico according to the document ceding it to the US). Picking on someone your own size gets you nothing.

September 24, 2015 at 5:43 PM

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