strategy
Expanding world trade
Synonyms:
Recognizing difficulties in world tradeIdentifying obstacles to world trade
Increasing world wide trade
Reforming world trade
Developing world trade
Context:
The Agreement Establishing the World Trade Organization states, "The Parties to this Agreement, recognize that their relations in the field of trade and economic endeavour should be conducted with a view to raising standards of living, ensuring full employment and a large and steadily growing volume of real income and effective demand, and expanding the production of and trade in goods and services, while allowing for the optimal use of the world's resources in accordance with the objective of sustainable development, seeking both to protect and preserve the environment and to enhance the means for doing so in a manner consistent with their respective needs and concerns at different levels of economic development." Narrower:
Liberalizing tradeImproving efficiency of tradeForming transnational economyConducting environmental impact assessments on world trade measuresPromoting trade-related capacity building measures in world trade agreements Constrains:
Limiting world trade Facilitated by:
Developing industry Problems:
Obstacles to world tradeValues:
ObstacleIncreaseDifficulty Subjects:
Commerce → TradeDevelopment → Reform
Type Classification:
C: Cross-sectoral strategies Related UN Sustainable Development Goals:
