The World Trade Organization and associated
institutions, agreements, and so on run on initials like so much else these days.
Heres a brief guideand dont call them acronyms unless you can pronounce
them. NAFTA is an acronym. WTO is not; the Observers trivia lesson for today.
ATLAccelerated Tariff Liberalization, which is what all the fuss
is about.
BITsBilateral Investment Treaties, agreements on investments
between pairs of countries. The profusion of them, and their inconsistencies, led in part
to the push for the MAI).
CACCodex Alimentarius Commission, a shadowy organization within
the FAO whose purpose is to "facilitate international trade" by establishing
standards for food safety.
FAOFood and Agriculture Organization, part of the United
Nations. Supposed to help farmers worldwide.
FTAAFree Trade Area of the Americas, the goal of ongoing
negotiations among governments of the Western Hemisphere hoping to unite their economies
into a "single free-trade arrangement."
GATTThe General Agreement on Tariffs and Trade, first adopted in
1947 and subsumed by the WTO in 1995. The GATT was an agreement administered by a
secretariat. WTO is an institution, and far more powerful.
GMOGenetically Modified Organism, also called transgenic
organism. This is what many people and countries insist should be listed when it occurs in
food.
ICSIDInternational Centre for the Settlement of Investment
Disputes, an organization created by the World Bank for the secret settlement of
challenges by foreign investors against governments.
JITAPJoint Integrated Technical Assistance Project
MAIMultilateral Agreement on Investment, an attempt to ease
restrictions on cross-border investing that was blocked by massive public outcry in 1998.
It, or some version of it, is likely to be a hot topic at the Ministerial in Seattle.
NAAECNorth American Agreement on Environmental Cooperation, the
environmental side-agreement to NAFTA.
NAFTAThe North American Free Trade Agreement, which includes
Canada, Mexico, and the U.S.
OECDThe Organization for Economic Cooperation and Development, a
club of29 of the worlds wealthiest nations gathered to promote their economic
interests.
SPSSanitary and Phytosanitary Measures are restrictions on laws
designed to protect health.
TNCTrans-National Corporation, a stateless entity with offices
in many lands. They used to be called Multi-National Corporations but now can operate
almost independently of any national government.
TRIPSTrade-Related Intellectual Property Rights, legalese for,
among other things, the desire by some TNCs to patent life forms.
UNCTADUntied Nations Commission on Trade and Development.
WTOWorld Trade Organization, our beloved host.