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  • WTO´s Promoting fair competition – Brexit explained

Today I want to give you some comments on the Today I want to give you some comments on the WTO, here especially the WTO strategies on fair competition.

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.

The WTO is sometimes described as a “free trade” institution, but that is not entirely accurate. The system does allow tariffs and, in limited circumstances, other forms of protection.
More accurately, it is a system of rules dedicated to open, fair and undistorted competition.

 
Vom 20.06.2020 | Aktualisiert am 19.06.2020
Permalink: https://www.marc-wesseling.de/?p=2228
Kategorien: Allgemein, Brexit (English)
Schlagwörter: , , , , , , , , , , , , , , , , , , , , , , , , , ,
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