The multilateral trading system as it now applies is o rule-
bated system comprising a complex set of rules as articulated
in various WTO agreements. The .system is the ultimate choice
for nations if they were to establish trade relations among
nations in a good order and to more enhance the stability and
predictability and to better suit the interests of least developed
and developing countries. Nevertheless, the substantive rules
that have been "mutually agreed" have deficiencies and
imbalances especially looking from the interest of developing
countries. The implementations of those rules have been more
advantageous to developed countries. while the developing
countries do not have the capability to implement those rules.
The concessions that have been given away do not meet with
the expected benefit out of their participation in this
multilateral regime. Such situation greatly effects developing
countries in the implementation and the effectiveness of WTO
rules. The current round of trade negotiations needs to make
correction to this legitimacy gap to ensure affair a fair gain from the
multilateral trading system.
