Today I want to give you some comments on the WTO, here especially the WTO strategies for freer trade.
The WTO agreements are lengthy and complex because they are legal texts covering a wide range of activities. They deal with: agriculture, textiles and clothing, banking, telecommunications, government purchases, industrial standards and product safety, food sanitation regulations, intellectual property, and much more. But a number of simple, fundamental principles run throughout all of these documents. These principles are the foundation of the multilateral trading system.
Lowering trade barriers is one of the most obvious means of encouraging trade. The barriers concerned include customs duties (or tariffs) and measures such as import bans or quotas that restrict quantities selectively. From time to time other issues such as red tape and exchange rate policies have also been discussed.
8.06.2020 | Aktualisiert am 7.06.2020
Kategorien: Allgemein, Brexit (English)
Schlagwörter: bbc, Boris Johnson, Brexit, Brexit explained, brexit latest, brexit latest news, brexit news, brexit news today, EU, europe, european union, extension, german media, germany, house of commons, ireland, Marc Weßeling, Nigel Farage, northern ireland, parliament, through negotiation, through negotiation - Brexit explained, trade talks, transition period, UK, westminster, withdrawal agreement, WTO´s Freer trade: gradually