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WTO´s Promoting fair competition - Brexit explained

Today I want to give you some comments on the Today I want to give you some comments on the WTO, here especially the WTO strategies on fair competition.

The WTO agreements are lengthy and complex because they are legal texts covering a wide range of activities. They deal with: agriculture, textiles and clothing, banking, telecommunications, government purchases, industrial standards and product safety, food sanitation regulations, intellectual property, and much more. But a number of simple, fundamental principles run throughout all of these documents. These principles are the foundation of the multilateral trading system.

The WTO is sometimes described as a “free trade” institution, but that is not entirely accurate. The system does allow tariffs and, in limited circumstances, other forms of protection.
More accurately, it is a system of rules dedicated to open, fair and undistorted competition.

I spent some time in the UK and am a keen follower of what has happened in the house of commons recently. And besides my English friends from that time, I have German friends in the UK who will directly be effected by Brexit.

This way I can give you an outside view on Brexit. Whether it is about no-deal, the position of the EU, a new deal, May´s and Johnson´s withdrawal agreements, the general election, the blocked people´s vote (second referendum) or attempted independences, I will give you my view on latest news.

Due to the number of foreign viewers, I will continue with my english videos also for series regarding „German politics explained“ and „European Union explained“.


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Quelle: WTO

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