The Wto Is Not The Big Bad Wolf
Regarding "Who's afraid of the World Trade Organization" (News: Analysis & Commentary, June 5) on the U.S.-Japan auto dispute: The WTO, like the General Agreement on Tariffs & Trade before it, is a pragmatic organization that favors negotiation over confrontation. The system will do the job designed for it by member governments. It will not "stall," since the procedure is now largely automatic, with clear deadlines at every stage. Yes, it could take more than a year to conclude all stages. But readers of BUSINESS WEEK know very well how much more time is involved getting civil-suit judgments in national courts.
World Trade Organization