Problem

Limited observance of multilateral trade agreements

Other Names:
Trade quota cheating
Failure of political will to observe trade commitments
Nature:

The credibility of the rules and principles of the trading system has been weakened by the fact that the ultimate recourse open to a country affected by illegal trade measures is to withdraw "substantially equivalent concessions", a possibility of little effective use to weaker trading partners.

Related UN Sustainable Development Goals:
GOAL 16: Peace and Justice Strong InstitutionsGOAL 17: Partnerships to achieve the Goal
Problem Type:
F: Fuzzy exceptional problems
Date of last update
09.11.2020 – 19:30 CET