Able to retain high protection where they want it, Industrialised Countries used the WTO even called the best vehicle for advancing Northern corporate interests in literature to restrict or outlaw protection where it would foster development. Inequalising WTO-treaties, WTO-practice, especially the violation of membership rights of Southern Countries, have contributed to tilting trade further against the South. Weakening Southern economies, the WTO and neoliberal policies by other international organisations have intensified Unequal Exchange mechanisms. After analysing the disadvantaging features of the WTO-Treaties, this paper proposes necessary reforms towards a trading system from which everyone can benefit fairly.
