World Trade Organization: Difference between revisions

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==Trading System Principles==
==Trading System Principles==
The principles of WTO agreements are the basis of the mutual trading arrangement that has occurred between traders who deal with textiles, agriculture, telecommunications, banking, etc. They are:
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===
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===Freer trade===
===Freer trade===
It included lowering of custom duties and tariffs.
Including the lowering of custom duties and tariffs.


===Predictability===
===Predictability===
Binding and transparency in the trades makes it more predictable and hence increases the benefits.
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==