The ideal trade bargaining outcome for the Group of 20 countries

Question

Quizplus · Accepted Answer

EC) The ideal outcome for G20 countries in trade negotiations would be to have low barriers to their agricultural exports to promote their agricultural sectors in global markets, and high barriers to their manufactured goods imports to protect their domestic manufacturing industries from foreign competition.E) Similarly, having high barriers to agricultural imports protects domestic agricultural sectors, while low barriers to manufactured goods exports promote these countries' manufacturing sectors in the global market.

The Ideal Trade Bargaining Outcome for the Group of 20