However, there is a major setback that affects the performance of the least developed
countries such as different commodities outweighing others in the market such as mining and
agricultural products outweighing the manufactured products. Similarly, changes in the
international environment affect the least developed states negatively since there are fluctuations
in commodity prices. Nevertheless, WTO has laws and regulations that show how disputes

among states can be solved. WTO has a ministerial conference headed by a director general, a
general council and a secretariat.

References
Chemutai, Vicky and Hubert Escaith. "Measuring World Trade Organization (WTO) Accession
Commitments and Their Economic Effects." Journal of International Commerce,
Economics & Policy, vol. 8, no. 2, June 2017, p. -1. EBSCOhost,
doi:10.1142/S1793993317500077.
HYAMS, Adam and Gonzalo VILLALTA PUIG. "Preferential Trade Agreements and the World
Trade Organization: Developments to the Dispute Settlement Understanding." Legal
Issues of Economic Integration, vol. 44, no. 3, Aug. 2017, pp. 237-264. EBSCOhost,
search.ebscohost.com/login.aspx?direct=true&db=bth&AN=124295641&site=ehost-live.
Baldwin, Richard. "The World Trade Organization and the Future of Multilateralism†." Journal
of Economic Perspectives, vol. 30, no. 1, Feb. 2016, pp. 95-116. EBSCOhost,
doi:10.1257/jep.30.1.95.
Piewitt, Martina. "The Creation of the World Trade Organization and the Establishment of an
Advocacy Regime." Journal of Public Affairs (14723891), vol. 15, no. 1, Feb. 2015, pp.
62-75. EBSCOhost, doi:10.1002/pa.1496.

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