Monday, January 18, 2010

WTO, which of these cases shall be taken into consideration ?

(First case)





When the country (A) gets loads on the goods they import from country (B) , Which, as a result affects the local Industries in country (A)





Or








(Second case) When the country (A) gets load on the goods they Export to Country (B), Which as a result Could also affect their local industries to produce low quotas of products to their local market and cause shortage.





In both cases, according to WTO policies, which of these countries have the right to protect their local market by limiting their export/import quotas, and is subjected to a WTO Agreements ?





Lets assume that the asnwer is the first case, How does It affect the local market ? as the agreement is deemed to courage countries to trade without out barriers and to be a Free-Trade system between countries and also to stimulate investors to compete in a local market. In what way does the market get affected by having more foriegn quotas in their local markets ? If so it is still considered a legal competition, isn't it ? what are the other factors that can make an impact on the local markets other than the products competition. I hope you got my point and sorry for my bad English. Thanks in advance for reading my question
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