Is the WTO's idea of "fair competition" really a code phrase for free trade?
A) Yes, the WTO is in favor of free trade and only free trade under all circumstances.
B) Not really. Trade relationships among nations can be exceedingly complex, and the WTO supports fair competition, which may mean freer trade rather than free trade.
C) Yes, the WTO stands for trade liberalization, which requires transparency, economic reform, and no protectionism, regardless of the member nation's economic situation.
D) Yes. The WTO supports free trade and the term fair competition is used to obtain buy-in from nations opposed to trade liberalization.

Question

Quizplus · Accepted Answer

The concept of "fair competition" advocated by the WTO does not necessarily equate to free trade under all circumstances. Rather, "fair competition" implies that trade relationships among nations should be conducted fairly and transparently, without undue protectionism or discriminatory practices, but this can take many forms depending on the specific circumstances.

Is the WTO's Idea of "Fair Competition" Really a Code