The issue of sovereignty in international relations is the most sensitive thing to talk about, because every country has been independent and has been recognized by countries in the world have their sovereignty. Sovereignty itself is the ultimate power held by a state to regulate the entire life of the country without any interference from other countries. But at the present time the sovereignty of the has a narrower meaning than in the 18th century and the 19th century along with the development patterns of thought and life of the countries in the world and based on the interdependence between one country to another.
The existence of such dependence has led to a desire to strike a deal in the international trading system in 1947 was born the GATT (General Agreement on Trade and Tari.fj) who initially fail to form the ITO (International Trade Organization), owing to differences of opinion and the fear of sovereignty bother a country where international trade organization was established and the subsequent development of the world trade organization formed with WTO (World Trade Organization). Fear is a barrier in fostering cooperation in international trade.
Sovereignty is not a reason to refuse to participate in an international agreement in the economic field, especially in the international trading system but also the sovereignty it is not something that can be distorted by a country because of his power to gain advantage for himself from other countries. The ability of a country to conduct international relations is a sovereign state in the economy that is external, where the role of sovereignty is the power to ensure freedom in international trade transactions without any pressure or interference from other countries. Freedom is based on the principal of equality (equality) and Independence (Independence) while guided by and subject to International Law
Related Articles:
Most Favored Nations from WTO
Freight Forwarder
Related Articles:
Most Favored Nations from WTO
0 Response to "International Agreement Effects for Nationa Economic Stability"
Post a Comment