Wto, Nieo , Imf Flashcards

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1
Q

Usually wto goes for consensus based decision making. When is super majority preferred

A

Super majority voting is utilized for certain specific issues that require a higher level of support to pass. The exact threshold for super majority voting can vary depending on the context, but it typically requires a higher percentage of member support than simple majority voting.
Ex
1. If a two-thirds majority of WTO members vote in favour, the applicant is free to sign the protocol and to accede to the organization

  1. According to the WTO’s Dispute Settlement Understanding, amendments to the rules governing dispute settlement require the acceptance of three-fourths of the WTO membership.
  2. Waiver : In exceptional circumstances, the Ministerial Conference may decide to waive an obligation imposed on a Member by this Agreement or any of the Multilateral Trade Agreements, provided that any such decision shall be taken by three fourths
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