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Forbes: Although WTO member countries have committed to open markets, they often seek loopholes that allow them to introduce protectionist measures--raising the issue of compliance with the organization's rules.
Regional and bilateral free trade agreements are legal under the WTO, but mean a member of the organization will be offering some of its partners lower tariffs than it imposes on others:
| Tags: | International trade, World Trade Organization, Trade, Free trade, General Agreement on Tariffs and Trade, Protectionism, Tariff, Free trade area |
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