Essay on Supply And Exchange Of Services

1108 Words Dec 4th, 2015 null Page
The World Bank asserts that this is a substantial subsidy which allows the financing of raw material stocks for processors. With a store of goods prices of products are sustained over time meaning there is an absence of competition .
Agreements
The General Agreement on tariffs and trade in 1947 allowed countries to utilize export subsidies and prohibited subsidies on industrial products. There was however conditions on agricultural subsidies such as they should only be in place in order to make sure the country in question gets an equitable share of the world exports. Also laid out were the allowed restrictions which could be placed on imports and example is quotas. In practice the use of such non-tariff barriers became very excessive and many were maintained without justification causing an increase to the impediment of trade on the international stage . Regarding services the Doha round reiterated the rights of states which were in the GATS and also a goal was to introduce new regulations which could be applied to the supply and exchange of services. The special treatment of developing countries was reasserted, which gives these nations special rights for example longer periods available to implement agreements which would lead to increased trade. The service trade is very convoluted due to the nature of the trade. People and inanimate things are sent rather than traditional goods. Also the numerous actors involved make it difficult to reach agreements on what the…

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