Membership in the WTO is of no benefit to us—it actually does us great harm! It has damaged our economy and caused us to forfeit our sovereignty. The WTO now controls us, causing us to have no control over our own affairs. By signing the agreement with the World Trade Organization, the U.S. Congress agreed to concede a major portion of our sovereignty and usurp our democratic legislative process, including:
Tag Archives: WTO
Nearly everything in a tech store has a label “Made in China” on it. In fact, it is almost difficult to find something that isn’t made in China. Not only has this flood of goods from China put our companies out of business, but they are hurting, even killing people. Counterfeit high end bikes, wheels, and helmets from China are putting people’s life in grave danger.
World Trade Organization (WTO) regulations created in the 1990s with regard to financial services still allow for the kind of trading and exchange that nearly destroyed the world banking system. And because the U.S. government submits to the will of the WTO, a potential challenge to laws from that body would force a reversal.
One of the main reasons our Free Trade Agreements (FTAs) do not work is due to the fact that other countries immediately implement a value-added tax system after joining the World Trade Organization (WTO), while the U.S. still has not implemented a VAT. Free Trade Agreements either eliminate all or most of the tariffs between two countries. Once a country joins the World Trade Organization (WTO) that country then almost immediately implements a VAT system or raises their VAT to replace their tariffs. The VAT acts just like a tariff but is entirely in line with WTO standards. The result of this system is that American exports are essentially economically blocked by other nations.
No country or civilization has ever risen to such wealth and power to have receded so quickly to stagnation, dependency and indebtedness. The reason is twofold: our disastrous “free trade” agreements and our membership in the World Trade Organization (WTO).