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: 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, trade talks, transition period, UK, westminster, withdrawal agreement, WTO´s Promoting fair competition, WTO´s Promoting fair competition - Brexit explained