Re: WTO\'s impotence???? Serious question
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It all stems back to 1924. The economy was in a recession and other countries were having issues with the farming industry. The united states was the only country at the time that could successfully grow large quantities of potatoes.
At that time, the WTO did not care that the United States didn't want to "share the wealth" as some say with reasonable potato sales to other countries. So basically, the WTO forced the US to sell potatos at 1% above cost to foreign countries that were having problems growing them.
This caused some tension and this is why the US doesn't care about the WTO or it's sanctions.
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The WTO wasn't even established until 1995, and before that GATT was established in 1947.
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