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Principles of the World Trade Organization

• Grants trading partners "most favored
nation" status
• Lowers trade barriers through negotiations
• Discourages unfair trade practices and
encourages competition
• Creates trade opportunities for less-
developed countries
How have these principles most affected U.S. markets?
10:04 AM
11/10/2023

1 Answer

3 votes

Final answer:

The principles of the World Trade Organization have impacted U.S. markets by ensuring equal treatment, increasing export opportunities, and promoting fair competition.


Step-by-step explanation:

The principles of the World Trade Organization have had a significant impact on U.S. markets. Firstly, granting trading partners 'most favored nation' status ensures that the U.S. receives equal treatment in international trade, not facing discriminatory tariffs or trade barriers. Secondly, negotiations that aim to lower trade barriers have allowed American companies to access foreign markets more easily, leading to increased export opportunities. Finally, the WTO's effort to discourage unfair trade practices and promote competition ensures a level playing field for U.S. businesses.


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