Limited observance of multilateral trade agreements

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

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