10 Things WTO can do
10 Things WTO can do:
1. Cut living costs and raise living standards
Trade did not feed the hungry when food was cheap and abundant, and is even less able to do so now that prices are sky-high but with WTO in the picture, trade barriers are lowered and it is non-discriminating. The result is reduced costs and therefore, people pay less for goods but still get the same quality hence raising the living standards.
2. Settle disputes and reduce trade tensions
WTO acts as the neutral party between countries that are trading. Trading are based on WTO agreements and therefore, WTO has a clear basis for judging who is right and who is wrong, it’s not biased and there’s no discrimination. It helps the world to stay fair.
3. Stimulate economic growth and employment
Trade, exporting, importing, and competition can lead to employment, it creates jobs. With the WTO keeping everything fair, it might stipulate a better competition that also remains fair.
4. Cut the cost of doing business internationally
With WTO help, everything is transparent, simple, and certain. There is no discrimination and they are not corrupt at all, so everything will cost how it should be.
5. Encourage good governance
There is no pressure for the government to take bribes. There is WTO. They are transparent and they support no corruption.
6. Help countries develop
Better communication and with all other things that WTO do, countries can better develop since economic growth is stipulated and it is all-fair.
7. Give the weak a stronger voice
They are equal and they are the bigger voice for the weak little countries.
8. Support the environment and health
That WTO agreements do is to try to make trade support the things we really want, including a clean and safe environment, and to prevent governments using these objectives as an excuse for introducing protectionist measures.
9. Contribute to peace and stability
Trade helps to sustain growth. Trade rules stabilize the world economy by
1. Cut living costs and raise living standards
Trade did not feed the hungry when food was cheap and abundant, and is even less able to do so now that prices are sky-high but with WTO in the picture, trade barriers are lowered and it is non-discriminating. The result is reduced costs and therefore, people pay less for goods but still get the same quality hence raising the living standards.
2. Settle disputes and reduce trade tensions
WTO acts as the neutral party between countries that are trading. Trading are based on WTO agreements and therefore, WTO has a clear basis for judging who is right and who is wrong, it’s not biased and there’s no discrimination. It helps the world to stay fair.
3. Stimulate economic growth and employment
Trade, exporting, importing, and competition can lead to employment, it creates jobs. With the WTO keeping everything fair, it might stipulate a better competition that also remains fair.
4. Cut the cost of doing business internationally
With WTO help, everything is transparent, simple, and certain. There is no discrimination and they are not corrupt at all, so everything will cost how it should be.
5. Encourage good governance
There is no pressure for the government to take bribes. There is WTO. They are transparent and they support no corruption.
6. Help countries develop
Better communication and with all other things that WTO do, countries can better develop since economic growth is stipulated and it is all-fair.
7. Give the weak a stronger voice
They are equal and they are the bigger voice for the weak little countries.
8. Support the environment and health
That WTO agreements do is to try to make trade support the things we really want, including a clean and safe environment, and to prevent governments using these objectives as an excuse for introducing protectionist measures.
9. Contribute to peace and stability
Trade helps to sustain growth. Trade rules stabilize the world economy by