Ask an Expert: World Trade Organization (WTO)

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Ask an Expert: World Trade Organization (WTO) FCC Senior Economist J.P. Gervais examines how the WTO operates and its effect on Canadian agriculture. Key Points The WTO’s objective is to reduce trade barriers for an increased and stabilized flow of goods and services between countries. Over 150 countries agree upon the WTO’s rules and regulations. The organization also helps settle disputes among members. Canadian agriculture needs foreign market access to be successful, which in turn opens our borders to imports and increased competition. WTO negotiations are moving slowly, so countries will often discuss trade agreements outside the organization. Prospects for Canadian agricultural exports look positive, as a growing global population will increase food demand. Learn More Video: Ask an Expert: Canadian Dollar . Video: Ask an Expert: European Debt Crisis . Return to Multimedia. Share \|

Money and Finance | view all

FCC Senior Economist J.P. Gervais examines how the WTO operates and its effect on Canadian agriculture.

The WTO’s objective is to reduce trade barriers for an increased and stabilized flow of goods and services between countries.
Over 150 countries agree upon the WTO’s rules and regulations. The organization also helps settle disputes among members.
Canadian agriculture needs foreign market access to be successful, which in turn opens our borders to imports and increased competition.
WTO negotiations are moving slowly, so countries will often discuss trade agreements outside the organization.
Prospects for Canadian agricultural exports look positive, as a growing global population will increase food demand.

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