World Trade Organization: Difference between revisions
Line 40: | Line 40: | ||
==Trading System Principles== | ==Trading System Principles== | ||
The principles of WTO agreements are the basis of | The principles of WTO agreements are the basis of mutual trading arrangements that occur between traders who deal with textiles, agriculture, telecommunications, banking, etc. They are: | ||
===Trade sans discrimination=== | ===Trade sans discrimination=== | ||
Line 46: | Line 46: | ||
===Freer trade=== | ===Freer trade=== | ||
Including the lowering of custom duties and tariffs. | |||
===Predictability=== | ===Predictability=== | ||
Binding and transparency in the trades | Binding deals and transparency in the trades make it more predictable and hence increase the benefits. | ||
==The case for Open Trade== | ==The case for Open Trade== |