TOPIC A Recognition of Cryptocurrency
TOPIC B Global Food Protection
DELEGATION SIZE Single
- Kyu Park
Founded in 1995, The World Trade Organization (WTO) is the only global international organization that supervises international trade. The WTO aims to mitigate barriers to global trade by establishing regulations to promote mutual economic growth between multilateral actors.
Topic A: Recognition of Cryptocurrency
Recently, cryptocurrency has been highlighted as a new innovative technology that facilitates electronic transactions with advanced security. Despite its apparent advantages, a few drawbacks were discovered, including its potential illicit usage and lack of supervision. Due to the controversial nature of cryptocurrency, international actors been yet to come in consensus in regards to cryptocurrency, imposing different, if not opposite federal laws. Such disparate stances in cryptocurrency policy could potentially cause conflicts as the role of cryptocurrency in global trade increases. In order to prevent future trade conflicts regarding cryptocurrency, the World Trade Organization must establish a common ground on the role of cryptocurrency in global trade. Delegates will determine a global stance on whether cryptocurrency can be recognized as a form of currency and the extent to which it is regulated.
Topic B: Global Food Protection
While it is true that science has revolutionized food production, technology advancements have changed the global trade of food. For example, the emergence of Genetically Modified Organisms have raised questions about the benefits, risks, safety, and legality behind the trade of potentially proprietary crops. Recent international disputes have encompassed issues ranging from the alleged danger of GM crops, the environmental impact of GMOs, sustainable agricultural practices, and the legality of GMO bans. At the same time, GMOs have the potential to promote real good in the form of fortified crops. As technology has brought innovations to the food supply both positively and negatively, innovations in trade laws and rules in food supply also must be brought to the table. Regulation of food supply and trade for the sake of public health must be ensured, while also facilitating free trade with no obstacle. Delegates will decide the stance of WTO in determining the right quantity and quality of food supply to facilitate free and safe trade of food.