Types Of Trade Agreement

Several types of agreements are concluded within the framework of the World Trade Organization (most often in the case of accession of new members), the conditions of which apply to all WTO members on the so-called most-favoured-nation (MFN) basis, which means that the advantageous terms agreed bilaterally with a trading partner also apply to other WTO members. The anti-globalization movement is almost by definition opposed to such agreements, but some groups normally allied within this movement, for example. B the Green parties aspire to fair trade or secure trade rules that mitigate the real and supposed negative effects of globalisation. Companies in the Member States have a greater incentive to trade in new markets, thanks to attractive trading conditions, because of the policy contained in the agreements.