The WTO riots commonly referred to as "The Battle in Seattle" had a very big impact on Seattle. The WTO riots pretty much shutdown downtown Seattle for 5 days. Businesses lost millions of dollars from lack of people and vandalism. People all over the world watched the WTO riots from there homes on television. Many people realized that if you want something to happen bad enough you can make it happen. There were further losses in tourism due to damaged reputation, and/or public anxiety in living or visiting Seattle.
The World Trade Organization was established on January 1st, 1995. There are 147 member countries as of April 23rd , 2004. The budget for the WTO is 162 million Swiss francs as of January 1st, 2004. The number of Secretariat staff members is 600. The head staff member is Supachai Panitchpakdi and he is a director-general.
The founding of the WTO primarily the interest of the United States. Just as it was the US which stopped the founding of the International Trade Organization (ITO) in 1948, when it felt that it would not provide an overwhelming economic dominance in the post-war world, so it was the US that became the leading campaigner for the Uruguay Round and the founding of the WTO, when it felt that more competitive global conditions had created a situation where its corporate interests now demanded an opposite stance.
The WTO performs various functions including administering WTO trade agreement, organizing forums for trade negotiations, handling trade disputes, monitoring national trade policies, providing technical assistance and training for developing countries, and cooperation with other international organizations.
On November 30, 1999 ...