1. It protects patents and copyrights and creates a worldwide trade policeman, the World Trade Organization. 2. The impasse has harmed the credibility of the WTO as an authoritative global trade policeman. 3. The power struggle has dashed hopes of a smooth start for the WTO, the successor to the General Agreement on Tariffs and Trade as global trade policeman. 4. The talks were held under the auspices of the World Trade Organization, the newly-established world trade policeman. 5. There had been fears that unilateral U.S. action would undermine the authority of the WTO, the new global trade policeman that is meant to help settle disputes. |