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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 519 |
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Its purpose is to ensure fair and equal competitive conditions for market access, and predictability of access for all traded goods and services. The WTO also aims to assist developing, especially the least developed countries, to secure a growth share of international trade. Also, by lowering trade barriers, they help bring together different countries and peoples...
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The WTO also aims to assist developing, especially the least developed countries, to secure a growth share of international trade. Also, by lowering trade barriers, they help bring together different countries and peoples.
Currently, the WTO is involved in resolving the Doha Round. The issues that they are facing include: the increase in anti-dumping policies; the high level of protectionism in agriculture; the lack of strong protection for intellectual property rights in many countries; and the continued high tariff rates on nonagricultural goods and services in most nations...
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What are the distinctive features of the perfectly competitive model of the market for goods and services? What are the implications for a business strategy aimed at enhancing profitability?
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