Introduction
The world trade organization is a global business body or corporation set to control and regulates international business (Czinkota, 2011) .It is also charged with controlling transparency of the member countries by regulating media coverage and restrictions of the media by member countries. The USA and china have in the recent past engaged the tribunal on a legal battle where china is blamed for restricting international media on covering its international business. This is in accordance with the concern and complaint raised over china not complying with a WTO ruling on the same. America’s film industry has suffered terribly due to a blow by china only to allow only about 20 films which are foreign in its theatres per annum thus increasing the chances of piracy. (Czinkota, 2011)
This decision has affected film production and other foreign media in the Chinese market yet consumption of those products do not stop but continue in secrecy. Hollywood film industry among others has suffered a majority of the losses. This is in violation of an international treaty that governs a quota in the international market to avoid criminal vices and unlawful consumption. This decision however is not wise as several countries and companies suffer losses as a result of trade restrictions (Kennedy, 2003).
The world trade organization should enforce the law and push countries to implement the decision to procure a quota of the market produce to international business. China has taken advantage of the international free trade pact and traded junky with Africa and other third world countries without consideration of other states (Heiduk, 2005). This has led to corporate battles with the United States threaten to sanction china in international business. Majority of the decision to trade internally comes from protection of local investors but should not be a case on international trade and the quota market share should be respected. Thus the world trade organization should cub the vice to enhance smooth international trade (Kennedy, 2003).
Works Cited
Czinkota, Michael R., Pietra Rivoli, and Ilkka A. Ronkainen. International business. Chicago: Dryden Press, 2011. Print.
Heiduk, Günter, and Kar Wong. WTO and world trade challenges in a new era. Heidelberg: Physica-Verlag, 2005. Print.
Kennedy, Scott. China cross talk: the American debate over China policy since normalization: a reader. Lanham, Md.: Rowman & Littlefield, 2003. Print.
