The Internal Tax Regimes of the World Trade Organisation: A Review of the New Proposals’ Implications for African Development

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dc.contributor.authorAKINTOYE OLARIYIKE DAMOLA, Olokooba S.M; Olatoke J.O(SAN); Josephine A.A. Agbonika & Shola Animashahun
dc.date.accessioned2023-08-11T09:58:56Z
dc.date.available2023-08-11T09:58:56Z
dc.date.issued2018-10-01
dc.description.abstractPrior to the advent of the World Trade Organization herein after called the WTO, the extent to which the global trading activities should be protected was heavily beclouded with controversies and confusions. These occurrences became the source of tension in the global international economic relations, part of which culminated in the Second World War. The issue of market control, free trade and sovereignty in the international economy has been on the major bones of contention in the activities of the World Trade Organization since its inception. After the World War II, the clamor for a forum or an organization that would serve as a platform for negotiating trade agreement and trade rules increased tremendously. This urge was what gave birth to the General Agreement on Tariffs and Trade (GATT) and it was GATT through Uruguay Round that later metamorphosis to the World Trade Organization(WTO). While majority of the Countries opined that the generality of goods including agricultural products be internationally controlled and supervised by a reputable internationalized organization, some opined that a blanket regulation of trade and service was in apt, hence the call for the exclusion of some agricultural products from the GATT regimes. In an attempt to harmonize these stands, a new internationally agreed trade rules was proposed as way to achieve peaceful trade dispute settlement system amongst the Nations of the world. Thus, the General Agreement on Tariffs and Trade (GATT) was formed and it was GATT through Uruguay Round that later metamorphosis to the world Trade Organization (WTO). The World Trade Organization (WTO) was established in 1994 at the end of the General Agreement on Tariffs and Trade (GATT) of Multinational Trade Negotiations (MTN), which started in September, 1986 and ended in Marakesh in December, 1994. After the ceremonial freedom of many African Countries coupled with sweet propaganda of the usefulness of WTO by the west, many African state joyfully joined the organization with the hope of securing accelerated economic development for African trade and commerce; and with the hope of using the plat form to actualize African dream of having authority in the global trade politics. About two thirds of the WTO’s 150 members are developing countries. They play an increasingly important and active role in the WTO because of their numbers, and because they increasingly look to trade as a vital tool in their development efforts. Developing countries are a highly diverse group often with very different views and concerns. Therefore, today an increasing number of voices are being raised against the activities of the WTO. To many, African and many other developing countries had virtually lost out, and that the public interest and objectives of trade liberalization have actually been turn to a paraphernalia of neo- colonization of the developing countries economy. In fact, in the recent times, meetings of the WTO have been greeted with public condemnation and street demonstrations which now leaves one in doubt of actual reasons and functionality of WTO in the global trade policy making. Structured in to five sections, section two focuses the analysis of the base of African economy, while section three is on the jurisprudential arguments for and against African membership of WTO. The proposed New issues, the Internal Tax Regimes as well as the relevance of the African membership of WTO is the main gist in section four. The paper ends in section five with conclusion and recommendation.
dc.identifier.citationIn Unresolved Issues in International Law, Administration Politics and Diplomacy, E.O.C Ijeoma, BP Wanda and N Nwaodu (eds) Vol 2, Chapter Two 13-24 South Africa
dc.identifier.isbnISBN: 978-978-50985-5-8
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/907
dc.language.isoen
dc.publisherPublished by School of Government and Public Administration, University of Fort Hare Bisho Campus Eastern Cape, South Africa in collaboration with Centre for African American Research Studies CAARS, S.A.
dc.relation.ispartofseriesVOL 2
dc.titleThe Internal Tax Regimes of the World Trade Organisation: A Review of the New Proposals’ Implications for African Development
dc.typeBook chapter
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