The advantages and disadvantages of Greece's membership in the WTO
The advantages and disadvantages of Greece's membership in the World Trade Organization Greece's membership in the World Trade Organization has been extremely beneficial for them in terms of imports and exports. Roughly 50% of their exports are going to Europe, and because they are in the European Union, those exports would be going to Europe whether or not they had membership in the World Trade Organization. The other 50% of their exports are going to countries such as China, Egypt, Libya, and the United States; they wouldn't be trading with these countries without the World Trade Organization. The World Trade Organization has opened up many markets that wouldn't be otherwise accessible. Also, around 50% of Greece's imports are coming from Europe. The other 50% is primarily coming from Asia, Africa, and the United States, which relatively similar to their exports. This makes Greece's import situation very similar to their export situation. The World Trade Orga...