Question

In: Economics

Give an example of a foreign trade practice that U.S. firms view as "unfair". How do...

Give an example of a foreign trade practice that U.S. firms view as "unfair". How do U.S. trade laws attempt to enforce "fair trade" ?

Solutions

Expert Solution

Ans.:

  • Example:
  • unfair international trade means false representation of goods and services. exapmle is false advertising, false free gifts or prizes and offers, non complance with standerd etc is the example.
  • And other example is decision to tax wheat export but nit flour exports.

  • U.S. trade laws are following attempt to enforce "fair trade".
  • All firms and businesses that work with U.S. are hold to rigorous fair trade standards, which drive income sustainability, that means to enforce the fair trade from the unfair trade make the law releated to the income which base businessman are not getting well income from their output.
  • community and individual well-being, empowerment, that means the US trade laws are to made the rule and act releated to the community and pepole who are doing the home businesses and gettimg income. so that all individual are doing well manufacturing to get more return in their outputs. to empower them doing the promotion and seminar through online or face to face.
  • environmental stewardship, that means to supervise the home businessman who are contributing their stake on the economy by the diffrent machanism and techniques and tools. They include requirements around worker’s rights, fair labor practices, and responsible land management. These standards ensure that goods are made with care to people and planet. For more information, see our standards and how we update and enforce them.

Thank you.......


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