Question

How might foreign countries have an unfair economic advantage?

Answer 1

Write down anything you want. Then click the Quill It button on the right to paraphrase it. They are sometimes complaints about the difficulties of competing abroad with cheaper manufacturers. When a plant closes because manufacturing has relocated abroad, employees are comprehensibly aggrieved. At the worldwide stage, WTO agreements provide comprehensive guidelines to be followed in international trade by all 164 members. Indeed, many complaints about unfair trade concern nations that violate these laws. Current anti-China complaints, in specific, include breaching WTO rules on intellectual property. When everyone has agreed to play by rules, it is easy to see why breaking those rules counts as cheating.

In African, Caribbean and Pacific nations, many European nations have traditionally had unique trading agreements with their former colonies, offering essential markets for their products. Countries from Africa, the Caribbean and the Pacific, including many of the world's poorest, entered into the talks in good faith, believing that the agreements were intended to help them develop and prosper. Instead, the EU is aggressively negotiating and pressing for European products to be opened up to the markets of disadvantaged nations. . Despite the name of "economic partnership agreements", these unfair trade deals are between very unequal partners and would pitch very poor and undeveloped producers into direct competition with European industries that have benefited from years of investment. This is unfair and wrong.

Trade between the EU and African, Caribbean and Pacific countries can lift people out of poverty, but only if it is governed by fair rules which allow the growth of farming and industry in developing countries.