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How can governments discourage or counter against unfair trade practices?

How can governments discourage or counter against unfair trade practices?

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Answer #1

Unfair trade practices simply meaning when there is a nonethical and fraudulent activity for doing business.

So for tackle, this government adopt following of the method

1. Strict guideline policy should be there by the government of any country for importing products from different countries

2. There is Watch Dog over the all the practice within the country as well for example in United States unfair trade practices addressed by section 5A of the Federal Trade Commission Act which prohibits unfair or deceptive acts or affecting commerce

3..there should nothing be hidden when it comes to trade and consumer should always have the right to know about the products which they are buying or trading.

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